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Ontario Premier ready to retaliate against any U.S. tariffs

  • Ontario Premier Doug Ford has responded to U.S. President-elect Donald Trump's proposed 25 percent tariff on Canadian exports by threatening to cut off electricity exports to the U.S. From Ontario.
  • Canadian consumers could face price hikes on various goods, including cars and groceries, if a trade war escalates after Trump's inauguration on January 20.
  • Canada is preparing a list of retaliatory tariffs, including on ceramics and Florida orange juice, if Trump's tariffs go into effect.
  • Economists estimate that Canadian consumers could see a 7.2 percent rise in the consumer price index by mid-2025 due to U.S. Tariffs and retaliatory measures.
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