The Canadian government has already prepared an initial list of US goods, worth $105 billion, that will be targeted for tariffs if the Trump administration decides to impose new customs duties on Canadian goods, according to a source with knowledge of the plan. cited by Bloomberg.
The list is still provisional and will only be used if Donald Trump moves forward with the tariffs after his inauguration, scheduled for January 20, according to the source. Canada may add more duties on US products, depending on the tariff policy to be followed by the neighboring country’s next administration.
Canada’s outgoing Prime Minister, Justin Trudeau, and the country’s provincial leaders met in Ottawa this Wednesday to define a strategy to combat North American protectionism, with the majority of those responsible saying they “will work together to ensure a response to address US protectionism.”
However, the strategy to be followed will largely have to be implemented by a new Canadian Executive. Contested within his own party and externally, Trudeau resigned on January 6th as leader of the Liberal Party and will step down as head of the executive when his successor is elected.
Then, until October (inclusive), general elections will have to be called, for which the favorite in the polls is the conservative Pierre Poilievre, who could face Mark Carney, former governor of the central banks of Canada and England, seen as a potential Trudeau’s replacement in the Liberal Party’s internal elections.
Source: www.jornaldenegocios.pt
