Canada is considering potential retaliatory tariffs on certain U.S. products in response to President-elect Donald Trump's threat to impose tariffs on Canadian goods. Trump has warned of a 25% tax on all products entering the U.S. from Canada and Mexico if they do not address issues related to drug and migrant flows across borders.
A Canadian government official revealed that preparations are underway to identify items for possible tariffs in retaliation, emphasizing that no final decisions have been made. In the past, when Trump imposed higher tariffs, other countries responded with their own retaliatory measures.
