The Trudeau government is planning a first round of counter-tariffs that could be unveiled as soon as incoming U.S. president Donald Trump is sworn in on Monday, Radio-Canada has confirmed.
The counter-tariffs would apply to $37 billion in goods that would be less harmful to the Canadian economy.
Trump has threatened to levy a 25 per cent across-the-board tariff on Canadian goods. Experts and lawmakers have warned such a move would be devastating for the Canadian economy.
The Canadian government is also preparing additional retaliatory tariffs that would cover up to $110 billion, depending on the Trump administration’s actions. Those could potentially be more damaging to the Canadian economy.
Joly threatens a trade war on CNN. At this point one has to assume our Government is sabotaging us on purpose. pic.twitter.com/v4WKuJoeQt
— Ryan Gerritsen (@ryangerritsen) January 17, 2025
Food for thought … Good thread
Premier Danielle Smith just met with Donald Trump.
And I can't remember a time when a Canadian Premier met with a U.S. President.
Something's happening behind the scenes that we aren't seeing.
Here's what's really going on… pic.twitter.com/sYeJUeKCcw
— Shaun Newman Podcast (@SNewmanPodcast) January 16, 2025
h/t Mauser and XC
