January 16, 2025
Canada is preparing to introduce tariffs on goods from the United States worth $105 billion - Bloomberg thumbnail
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Canada is preparing to introduce tariffs on goods from the United States worth $105 billion – Bloomberg

Canada prepares to impose tariffs on $105 billion worth of US goods – Bloomberg Canada has prepared a draft list of $105 billion worth of American goods to introduce tariffs in response to Trump’s possible sanctions. 12 out of 13 provinces supported the joint strategy of countering American protectionism.”, — write on: unn.ua

Canada has drawn up an initial list of US goods worth 150 billion Canadian dollars ($105 billion) that will be subject to tariffs if US President-elect Donald Trump imposes tariffs on Canadian goods. UNN.

Details

It is noted that the list, which is still in the draft stage, will be applied only in case of actions by the Trump administration. Depending on the scale of the US measures, Canada may add new products to this list, the source said.

The current list of goods is not disclosed. In 2018, when Trump imposed tariffs on Canadian steel and aluminum, Canada responded with tariffs on a variety of American goods, including whiskey and washing machines. At the time, the measures covered about C$16.6 billion in U.S. exports.

According to statistics, between December 2023 and November 2024, Canada imported $487 billion of American goods. The proposed tariffs will cover almost a third of the cost of imports from the US.

Canadian Prime Minister Justin Trudeau and leaders of Canadian provinces held a meeting in Ottawa to discuss a strategy to counter American protectionism. The premiers of 12 of the 13 provinces agreed to work together on a joint response to possible tariffs. However, Alberta Premier Danielle Smith disagreed with the idea of ​​taxing or cutting energy exports,

Ontario Premier Doug Ford, who leads the province that is the center of Canada’s auto industry, called for political unity in the face of Trump’s threats.

When Donald Trump acts, he attacks all of Canada, and we need to understand that and act together.

Addition

Alberta, which supplies most of Canada’s oil exports to the US (more than half of US crude oil imports), does not support any measures that could restrict energy supplies.

In turn, Trudeau highlighted opportunities for partnership with the US in the energy sector, noting that Canada has critical minerals needed to transform the US economy.

If they don’t get them from Canada, they will get them from China

Ontario Premier Doug Ford concluded the meeting by saying, “We can’t let someone hit us with a sledgehammer without hitting us twice as hard.”

We will remind

During the meeting at Mar-a-Lago, Trump suggested that Canada become the 51st state of the United States if the country does not pass the 25% tariff. The proposal caused “nervous laughter” from the Canadian delegation led by Trudeau.

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