Canada is Preparing for a Trade War with the United States and Intends to Impose Retaliatory Tariffs If Trump Follows Through on His Threat to Impose Tariffs on Canadian Goods
By Intel Slava Z
Canada is preparing for a trade war with the United States and intends to impose retaliatory tariffs if Trump follows through on his threat to impose tariffs on Canadian goods, Canadian government sources told Bloomberg.
In 2018, Canada already imposed tariffs on certain American goods in response to Trump’s actions. This time, Ottawa is ready to impose tariffs on almost all goods so that their currencies are equalized in tariffs. Currently, one Canadian dollar is equal to 0.69 US dollars.
Outgoing Prime Minister Trudeau’s government is exploring its options for retaliation, but hopes Trump will not impose 25% tariffs on all Canadian goods as he has promised.
