Canada Readies Billions of Dollars in Retaliatory Moves to Trump Tariff Threat

The government is preparing for the possibility that the incoming U.S. administration will impose high tariffs on Canadian goods, setting the close allies up for a showdown.

Topics

Canada warns of ‘tit-for-tat’ tariffs on US if Trump imposes levies

Ottawa’s energy minister calls trade tensions a ‘distraction’ from China’s rising economic and military power
Financial Times - 4h
Trump's China tariff threats are helping fuel a manufacturing boom — in Mexico

The migration of manufacturing to Mexico could undermine Trump’s promise to voters that ratcheting up tariffs on China would incentivize companies to bring production back to the U.S and give ...
NBC News - 15h
Canada’s Trudeau Cautions U.S. Consumers to Consider Harms of Trump’s Tariff Threats

Dismissing the president’s bluster about a 51st state, the departing leader urged Americans to think about the impact of high prices that will accompany new import taxes.
Inc. - 2d
Threat of Trump tariffs adds to global economic uncertainty, IMF warns

Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the world
Financial Times - 5d
Ontario leader warns of ‘pain’ for US if Trump imposes tariffs on Canada

Premier of most populous province says rhetoric clouds trade relationship worth hundreds of billions of dollars. The United States will “feel pain” if Donald Trump doesn’t back down from his ...
The Guardian - 5d
Trudeau: Trump threatened to annex Canada to distract from tariffs impact

Canadian PM says ‘skilful negotiator’ Trump is trying to distract from rise in prices that would follow his proposed tariffs. The Canadian prime minister, Justin Trudeau , has described Donald ...
The Guardian - 6d
Mexico president addresses fentanyl production after Trump's tariff threat

President Claudia Sheinbaum's statement on Mexico's anti-drug campaign follows President-elect Donald Trump's threats to impose tariffs over drug trafficking.
CBS News - Jan. 8
Trump cites tariffs in call to merge Canada, US

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump proposes 'merged' US, Canada President-elect Trump on Monday raised the ...
The Hill - Jan. 6
Report of easing tariff plan, which Trump denies, sends dollar lower

Aides to President-elect Donald Trump are weighing more targeted tariffs than was proposed by the campaign, according to a report.
MarketWatch - Jan. 6
Dollar drops on reports Trump will scale back tariff plans

Shares in European carmakers rally on hopes new US administration targets only critical imports
Financial Times - Jan. 6

More from The New York Times

Middle East Crisis Updates: Gaza Cease-Fire to Start on Sunday, Mediator Says

The Israeli cabinet still has to ratify the deal, and some details remained unresolved. President Biden said hostages were to be released over 42 days.
The New York Times - 42m
Many Syrians Want Justice for Regime Crimes. Others Want Revenge.

The new interim Syrian government says it will hunt down and punish senior security officials and others, but concern is growing about attacks on former low-level members of the Assad regime’s forces.
The New York Times - 16h
A Crucial Coal Mine in Ukraine Under Attack by Russian Forces Finally Shuts Down

The mine, near the frontline city of Pokrovsk, produced coking coal crucial for Ukraine’s steel industry. It kept running until the very last moment, when Russian forces finally reached its gates.
The New York Times - 16h
Poland’s Leader Suggests Russian Hand in Plot to Attack Western Cargo Planes

“I can only confirm that Russia planned acts of air terror, not just against Poland but against airlines across the globe,” said Poland’s prime minister, Donald Tusk.
The New York Times - 4h
Missile Attack Prompts Emergency Power Cuts in Ukraine

President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.
The New York Times - 11h

More in World

British Man Freed From Prison Over Video Misidentification

Ademola Adedeji was ensnared in a murder conspiracy case with no murder victim. Prosecutors labeled him a gang member and won a conviction and eight-year sentence.
The New York Times - 17m
California fires live: LA fire crews make progress as officials expect ‘much-needed break’ from dangerous weather

Firefighters report gains in containing Eaton and Palisades fires; more than 120,000 people still without power. Full story: Californians urged to prioritize safety as extreme winds loom ...
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Australian Open 2025: De Minaur in action; Raducanu and Swiatek progress on day five – live

Updates from Thursday’s action at Melbourne Park Day four: Draper beats Kokkinakis in thriller Any thoughts? Get in touch with Martin on email Early danger signs for 18th seed Hubert ...
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Israel-Hamas ceasefire to begin on Sunday; strikes reported in Gaza after deal reached – live

Netanyahu says ‘final details’ of deal still being worked on; two American hostages to be free in first phase, reports say. Gaza ceasefire deal agreed by Hamas and Israel, Qatari PM says The ...
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'We have been waiting a long time' - Palestinians react to ceasefire deal

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