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International Business Times
International Business Times
Business
Michel COMTE, with Marion THIBAUT in Montreal

Trump Tariffs Threat Casts Chill Over Canada

Canadian Prime Minister Justin Trudeau (L) and then-US President Donald Trump, seen here at the White House in 2017, spoke shortly after the Republican announced the tariffs (Credit: AFP)

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

Shockwaves from the Republican's announcement rippled across the country as Ottawa raced to avoid disruptions to the more than one trillion dollars in annual US-bound shipments that represent 75 percent of its total exports.

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