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Ottawa to unveil initial retaliation plan Monday if Trump uses Inauguration Day to proceed with tariff threats

  • The Canadian government will present a retaliation plan on Monday if U.S. President-elect Donald Trump imposes tariffs on Inauguration Day.
  • Trump has threatened a 25 percent tariff on all Canadian imports as one of his first executive orders.
  • Canada's response could include counter-tariffs worth approximately $37 billion, with an additional $110 billion possible.
  • Canada's plan includes preventing tariffs, preparing responses, and diversifying export markets, as stated by Minister Joly.
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Xinhua broke the news in China on Friday, January 17, 2025.
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