Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
Apart from oil, what other significant import does Canada provide that will “hurt” the Americans soooo much?
It’s America we’re talking about. This is a nation that traverses oceans and continents to shed blood for oil. An export tax on it from one of its major suppliers would be enough. The US would no doubt be able to weather any import tarriffs imposed by Canada but it will be bad for business for them. Canadian officials have already made a list of items they’re going to target which would impact $35+ billion in American goods.
Doubt that Trump sticks with this, and if he does, Canada is going to bring the US along for the ride kicking and screaming until it stops hitting itself.