Or does the US even care what we do? They are 10 times our size...
As of January 23, 2025, Canada has not yet specified the exact U.S. products that would be subject to a 25% tariff in response to potential U.S. tariffs. Prime Minister Justin Trudeau has indicated that Canada is prepared to implement reciprocal tariffs on U.S. goods if the United States proceeds with its plan to impose a 25% tariff on Canadian imports starting February 1. The Canadian government has developed a response plan that includes an initial phase of tariffs amounting to 37 billion Canadian dollars, with a possible second phase increasing to 110 billion Canadian dollars. Additionally, Canada is considering reducing energy supplies to the United States as a potential measure.
While the specific U.S. products that may be targeted by Canada's retaliatory tariffs have not been officially announced, analysts suggest that sectors such as energy, automobiles, and agriculture could be significantly affected.
Prime Minister Justin Trudeau has stated that Canada is prepared to impose retaliatory tariffs on U.S. goods if the United States follows through with its plan to levy tariffs on Canadian imports. In his remarks, Trudeau emphasized that American consumers would feel the impact of these tariffs, as Canada intends to target U.S. products strategically to maximize pressure.
This statement comes amid heightened trade tensions, with the United States threatening to implement a 25% tariff on certain Canadian goods starting February 1. Trudeau stressed the economic interdependence of the two countries, noting that trade disruptions would have far-reaching consequences for both economies. While Canada has yet to specify the exact U.S. goods that could face a 25% tariff, sectors such as agriculture, energy, and manufacturing are likely considerations.
The Canadian government is also preparing a broader response plan, including potential energy supply reductions to the U.S., if trade relations continue to deteriorate. Trump states there is a 250 billion trade deficit with Canada. Its more like 65 Billion - still a load of dough. We have what they need!
Elon Musk, in a retaliatory tactic has implemented a ~$9K increase Feb 1st on the price of certain Teslas coming into Canada. That's weird, cuz we just won't buy them any more, at that price and Musk has drank the Trump kool-aid. LOL. I'm guessing he doesn't want any of our money. I mean who would buy a car from some company like Musk's Tesla? Well billionaires have to stick together I guess.
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