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Canada Readies C$150 Billion Trade Countermeasures

Yuki by Yuki
16/01/2025
in Futures News
Canada Readies C$150 Billion Trade Countermeasures
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Canada is readying a robust response to potential U.S. tariffs on Canadian goods and services, with countermeasures targeting up to C$150 billion worth of American imports, according to a source familiar with the matter.

The source disclosed on Wednesday that Canadian officials have compiled a detailed list of potential U.S. targets but emphasized that public consultations would precede any retaliatory action. The final scope of Canada’s countermeasures will be determined by the specific tariffs or trade restrictions implemented by President-elect Donald Trump.

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Canada’s preparations reflect heightened tensions and uncertainty in cross-border trade relations as Trump has frequently pledged to prioritize American interests. The government’s approach signals a firm commitment to defending Canadian industries and maintaining equitable trade practices.

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Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.