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Canada considers retaliatory tariffs on orange juice, other US goods, paper says

by
January 9, 2025
in Economy
0
Canada considers retaliatory tariffs on orange juice, other US goods, paper says

OTTAWA (Reuters) – Canada is considering slapping retaliatory tariffs on a slew of U.S. products including orange juice in case President-elect Donald Trump imposes a 25% tariff on goods imported from north of its border, a local newspaper said on Thursday.

Orange juice is largely produced in Trump’s home state of Florida. Other items under consideration include ceramic goods, some steel products, glassware, and a slew of plastic articles, The Globe and Mail said, citing a senior government source.

The newspaper said the list of possible retaliatory targets was not final.

Canada’s Finance Ministry did not immediately respond to a request for comment.

Trump vowed in November that he would impose a steep tariff on all goods imported from Canada and Mexico on his first day as U.S. president if the two countries failed to stop a flow of migrants and the drug fentanyl across their borders.

Since then, the federal and the provincial governments in Canada have sprung into action and boosted border monitoring.

They also met with likely key officials in the Trump administration.

But Trump has so far not indicated if he would change his stance on tariffs.

This post appeared first on investing.com
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