Canadian policymakers are preparing a wide-sweeping set of retaliatory tariffs to impose on the United States should President-elect Donald Trump follow through on a threat to impose heavy tariffs on the nation.
Canadian Cabinet ministers discussed on Jan. 10 how they could best retaliate if the new U.S. administration imposes tariffs on imports from Canada, Foreign Minister Mélanie Joly said.
Speaking to reporters earlier on Thursday, Joly also said that Canadians should take Trump’s threats seriously and prepare for the possibility of an economic fallout between the two nations.
“This is something that not only am I very concerned about, but we have to be extremely ready because the threat of tariffs is real,” Joly said….