Canada Braces for US Trade War with $155 Billion in Retaliatory Tariffs

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Canada Braces for US Trade War with $155 Billion in Retaliatory Tariffs
TRADE WARCANADAUNITED STATES
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Canada is preparing for a trade war with the United States after President Trump announced 25 percent tariffs on Canadian goods and 10 percent on energy. Canadian officials are vowing to retaliate with $155 billion in tariffs on US products. Experts warn that the tariffs could have a significant impact on the Canadian economy, particularly in Alberta, which exports a large amount of oil to the US.

Canadians will likely wake up to a trade war between the United States and Canada on Tuesday. CTV News Edmonton's Chelan Skulski has the latest.

The federal government is vowing retaliation, with Foreign Affairs Minister Melanie Joly saying Monday that Ottawa is ready with $155 billion in tariffs on U.S. products.Trump says Canada will be hit with 25 per cent tariffs on Tuesday The imposition of tariffs come after Alberta spent $29 million on a new team to patrol its 298-kilometre border with the U.S. state of Montana and after Canada named a fentanyl czar to oversee the fight to stop drugs from flowing across the border.Alberta has added a Black Hawk helicopter to its border patrol in a bid to strengthen security.

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