Shafaq News/ Canada hasannounced plans to impose significant retaliatory tariffs on US imports ifPresident-elect Donald Trump implements his proposed trade restrictions onCanadian goods and services.
A source cited by Reuters, revealed thatthe Canadian government could target up to 150 billion Canadian dollars(approximately $105 billion USD) worth of US imports in response to any tariffsimposed by the incoming administration.
“Canada has drawn up a list of targets but would hold public consultationsbefore acting,” the source, who requested anonymity, noted, emphasizing that the scope of any countermeasures woulddepend on Trump’s policies.
The source saidthat Prime MinisterJustin Trudeau recently convened with the premiers ofCanada's 10 provinces toformulate a unified response.
Trump has proposed a 25% tariff onCanadian imports, aiming to pressure Canada into tightening border security tocurb illegal immigration and fentanyl smuggling.
Experts suggest such measures couldviolate existing trade agreements and have a devastating impact on Canada,which sends 75% of its exports to the US.
According to the source, Canada’scountermeasures would be implemented in stages, targeting specific US goods. Aninitial wave could focus on products like Florida orange juice, a state withsignificant political ties to Trump.
Notably, the Toronto Star was the first toreport the proposed countermeasures.
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