Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Trump follows through with his plans to add a steep 25% import tax on Canadian exports, people familiar with the matter told CNN.

Canada imported $320 billion in U.S. goods in the first 11 months of 2024, nearly equaling the European Union’s $341 billion. A U.S. 25% tariff could reduce Canada’s GDP by up to 3.8%, with retaliatory tariffs amplifying the impact to as much as 5.

Canada is looking at putting retaliatory tariffs if President-elect Donald Trump follows through with his threat to impose 25 percent tariffs on all Canadian products.

6 Canadian negotiators are preparing a list of U.S.-made goods that they could target for retaliatory tariffs if Donald Trump goes ahead with his vow to impose painful levies on Canadian products. Which U.S.-made products are in their sights?

A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products.

The Canadian government isn't taking President-elect Donald Trump's tariff threats lying down and is planning to take retaliatory measures that will hit his home state of Florida. CTV News is reporting that the Canadian government is planning a series of retaliatory tariffs that would hit American-made orange juice,