Canada preparing retaliatory tariffs to unveil as soon as Trump's inauguration day [View all]
Source: CBC
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.
Read more: https://www.cbc.ca/news/politics/canada-retaliatory-tariffs-1.7434137
It is interesting to see how quickly Canada has responded to the Mango Mussolini this time 'round. They are not keeping their powder dry, it seems.
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