Canada Considers Additional Tariffs on U.S. Products Amid Trump’s Threats

Canada is considering imposing additional tariffs on some American products if Donald Trump, the future president of the United States, raises taxes on Canadian goods. This information was reported on Friday, November 29, 2024, by a government source.

Ottawa is reviewing various scenarios, particularly the option to increase customs duties, according to an anonymous source speaking to AFP. The identification of targeted products has already begun.

During a press conference, Canadian Prime Minister Justin Trudeau expressed his belief that Trump is serious about his threat to levy a 25% tariff on Canadian products when he assumes office on January 20. Trudeau stated, “When Donald Trump makes these statements, he intends to carry them out.” He added that there is no doubt about Trump’s intentions, despite some views that it may be a negotiation tactic.

This announcement is a setback for Trudeau, who is running for reelection in the coming months and is currently trailing behind his conservative rival, Pierre Poilievre, in the polls.

In 2023, more than three-quarters of Canadian exports, totaling about $423 billion, went to the United States. During Trump’s first term from 2017 to 2021, the U.S. imposed a 25% tariff on steel and a 10% tariff on aluminum imports. Canada responded with reciprocal tariffs.

At that time, Canada targeted specific products to create political impact rather than economic damage. Notable products affected included Florida orange juice and Kentucky bourbon, from states led by Trump’s Republican allies.