Canada leaders agree to unite against Trump tariff threat amid reports of retaliatory measures [View all]
Source: The Guardian
Canada’s federal government and the premiers of the 10 provinces have agreed to work together against a threat by US president-elect Donald Trump to impose sweeping tariffs on Canadian imports, with one official saying the country was already examining possible retaliatory measures.
“We agreed that we need to be smart, strong and united in meeting this challenge,” deputy prime minister Chrystia Freeland told reporters on Wednesday after a virtual meeting with the premiers called by the prime minister, Justin Trudeau.
Trump has threatened to impose tariffs on products from Canada and Mexico if the countries do not stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25% tax on all products entering the US from Canada and Mexico as one of his first executive orders.
Canada is already examining possible retaliatory tariffs on certain items from the United States should president-elect Donald Trump follow through on his threat, the Associated Press reported, citing a senior official.
Read more: https://www.theguardian.com/world/2024/nov/28/canada-donald-trump-tariffs-leaders-chrystia-freeland
It's mentioned in the article that the midwest is the largest consumer of Canadian crude oil imports, and that gasoline prices there will likely rise at least 30 cents per gallon if tRUMP's tariffs take effect.
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