Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Trump follows through with his plans to add a steep 25% import tax on Canadian exports, people familiar with the matter told CNN.

Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

Canada is looking at putting retaliatory tariffs if President-elect Donald Trump follows through with his threat to impose 25 percent tariffs on all Canadian products.

Donald Trump said this week he will use economic coercion to pressure Canada to become the nation’s 51st state.

Trump has threatened a tariff on goods from Canada if the country does not clamp down on immigration and the flow of drugs across its border with the U.S.

Canada imported $320 billion in U.S. goods in the first 11 months of 2024, nearly equaling the European Union’s $341 billion. A U.S. 25% tariff could reduce Canada’s GDP by up to 3.8%, with retaliatory tariffs amplifying the impact to as much as 5.

Canada is considering slapping retaliatory tariffs on a slew of U.S. products including orange juice in case President-elect Donald Trump imposes a 25% tariff on goods imported from north of its border,

Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products if Trump follows through with his tariff threat.

Canada is looking to target American steel, ceramics, plastics and orange juice with retaliatory tariffs in response to threats of hefty duties on Canadian imports by the incoming Trump administration.