Canada is considering imposing retaliatory tariffs on American products, including orange juice, toilets, and steel, if President-elect Donald Trump carries out his plan to increase tariffs on Canadian goods. Trump has threatened to impose tariffs on Canadian products unless Canada and Mexico curb the flow of migrants and fentanyl entering the US. Canada argues that the US relies heavily on Canadian products and warns of significant economic repercussions if Trump follows through with his threats.
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Ford, the leader of Canada’s most populous province, said Trump has been misinformed about the U.S. not needing Canadian products. Almost a quarter of the oil the U.S. consumes every day is from Canada, with Alberta exporting 4.3 million barrels a day to the U.S. According to the U.S. Energy Information Administration, the U.S. consumes about 20 million barrels a day, while domestically producing about 13.2 million barrels a day.
LeBlanc has been talking to incoming Trump Cabinet officials about a billion-dollar plan to increase border security in an effort to deflect Trump’s threat of tariffs.
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