Canada is already exploring the possibility of imposing tariffs in response to some goods from the United States if President-elect Donald Trump fulfills his threat to impose significant tariffs on Canadian goods. About this UNN writes with reference to AR.
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A senior official anonymously told the publication that Canada is preparing for any development of events and has already begun to think about which goods to target tariffs in response. The official stressed that no decision has yet been made.
Trump has threatened to impose customs tariffs on goods from Canada and Mexico if the countries do not stop, as he said, the flow of drugs and migrants across the southern and northern borders. He said that one of his first edicts would introduce a 25 percent tax on all goods entering the United States from Canada and Mexico.
Canadian officials say their country is not a problem and that the tariffs will have serious consequences for both countries. Canadian government officials add that Canada's unification with Mexico is unfair, but say they are willing to make new investments in border security and work with the Trump administration to reduce Canada's numbers. Canadians are also concerned about the influx of migrants to the North if Trump implements his plan for mass deportations.
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Canada is the main export destination for 36 US states. Almost 2 2.7 billion worth of goods and services cross the border every day. About 60% of U.S. crude oil imports come from Canada, and 85% of U.S. electricity imports come from Canada. Canada is also the largest foreign supplier of steel, aluminum and uranium to the United States and has 34 critical minerals and metals that the Pentagon seeks to obtain and invest in them to ensure national security.
Canadian provincial prime ministers want Trudeau to negotiate a bilateral trade agreement with the United States that excludes Mexico.
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Recall
When Trump raised tariffs during his first presidential term, other countries responded with their own tariffs in response. Canada, for example, announced billions of new duties in 2018 against the US in response to new taxes on Canadian steel and aluminum.
Many American products were chosen because of their political rather than economic impact. For example, Canada imports йогур 3 million worth of yogurt from the United States each year, and most of it comes from a single factory in Wisconsin, the home state of then-House Speaker Paul Ryan. This product was subject to a duty of 10%.
Another product on the list was whiskey from Tennessee and Kentucky, the latter of which is the home state of then-Republican Senate Leader Mitch McConnell.