Canada is preparing retaliatory tariffs for the US

Canada has prepared a list of $105 billion in American goods that will be subject to tariffs if US President-elect Donald Trump decides to impose a 25% tariff on Canadian imports. Bloomberg reported this on Wednesday, January 15, citing a source familiar with the situation.

According to the agency’s source, the list of goods is preliminary. Canada will also consider imposing additional tariffs later based on the actions of the United States.

According to the Associated Press, Canada’s Minister of Energy and Natural Resources Jonathan Wilkinson said that Trump’s introduction of tariffs would cause economic damage to the United States itself.

“It means higher gas prices, it means higher food prices, it means higher prices for natural gas for home heating. It means higher electricity prices,” he said in an interview.

It is known that in 2018, when Trump imposed tariffs on Canadian steel and aluminum, Canada responded with tariffs on American goods, including whiskey and washing machines. At the time, the proposals covered about C$16.6 billion of US exports

By the end of November 2024, Trump has threatened to impose a 25% tariff on all goods from Mexico and Canada due to the flow of illegal migrants and drug smuggling. According to him, drugs are now entering the country on an unprecedented scale, while Mexico and Canada have the right and power to “easily solve this long-standing problem.”

Trump also suggested to Canadian Prime Minister Justin Trudeau that his country become the 51st state of the US, and Trudeau himself become its governor.