Canada considers retaliatory tariffs on U.S. products threatened by 'tariff bomb'

Canada, which received a 25% tariff bomb threat from U.S. President-elect Donald Trump, is preparing a counter-attack card, CNN reported.

CNN reported on the 10th local time that Canada is also considering imposing retaliatory tariffs on U.S. imports if it actually raises tariffs on Canadian products after the inauguration of the Trump administration.

The list of imports reviewing retaliatory tariffs reportedly includes dozens of items, including steel and furniture, orange juice, whiskey and feed.

Canada is also said to be considering imposing taxes on energy products it exports to the United States.

Earlier in November last year, Trump said drugs and criminals would flow into the United States through the Canadian-Mexico border and would impose a 25% tariff if the problem was not resolved.

Canada's exports to the U.S. in 2023 amounted to C$592.7 billion, or about 605 trillion won in Korean money."We need to let Trump know that Canada also has leverage if he imposes tariffs on Canadian products," Canadian Foreign Minister Melanie Jolie
said at a news conference.

Canadian government officials stressed that nothing has been decided on retaliatory tariffs, and that the list of retaliatory tariffs currently under consideration could be changed or cancelled.