Canada Prepares for Potential Trade War Amid US Tariff Threats
In response to the looming threat of tariffs from the US, Canadian Prime Minister Justin Trudeau is convening his cabinet and meeting with provincial leaders to strategize a unified response. Officials have warned that a trade conflict could inflict economic pain on both countries, with Canada poised to retaliate against $105 billion worth of US products should President Trump move forward with his tariff plans. The Canadian government is leaving all options on the table, including potential export tariffs and cuts to energy shipments to the US. While many leaders are in disarray over how to proceed, the message from the Canadian ambassador underscores a readiness to respond to any scenario. Trudeau has emphasized that Canada aims for a fair counter-response, warning Americans that tariffs could lead to higher prices and disruptions. As negotiations evolve, the ripple effects on critical industries, such as energy and minerals, remain uncertain.
BBC.com, The Associated Press, The New York Times, Reuters Canada, Bloomberg, The Hill, The Daily Beast, Financial Times, Al Jazeera English, CBC.ca