Canada works on possible tariffs in retaliation to Trump's threat
Published: 02:41 28 Nov 2024 EST
Canada is mulling potential trade measures of its own if Donald Trump imposes tariffs on neighbouring countries when he becomes US president again in January.
Trump said earlier this week that he would impose tariffs of 25% on all products from Canada and Mexico, saying they were not doing enough to combat the flow of migrants and drugs into the US.
Canada is examining what retaliatory tariffs it could impose on the US, AP reported, citing a senior official, who said no decision has been made.
Canadian Prime Minister Justin Trudeau held a virtual meeting with the premiers of Canada's provinces following Trump's threat.
Reports suggested provincial leaders want a bilateral trade deal to be made with the US, from where Canada imports around C$3.5 billion of products a day and is the top export destination for 36 US states.
Trump said in a social media post on Wednesday evening that he had a "wonderful conversation" with new Mexican President Claudia Sheinbaum.
"She has agreed to stop migration through Mexico, and into the United States, effectively closing our southern border," he said.
It was not clear if this implied a shift in the proposed tariff policy on Mexico.
Earlier, the Mexican president had said that her administration was working up a list of possible retaliatory tariffs "if the situation comes to that".
