Canada will impose 25 percent tariffs on U.S. goods from Tuesday if U.S. President Donald Trump's administration proceeds with its planned tariffs on Canadian products, Prime Minister Justin Trudeau said on Monday.
Should American tariffs come into effect, Canada will, effective 00:01 EST on Tuesday, respond with 25 percent tariffs against 155 billion Canadian dollars (107 billion U.S. dollars) of American goods - starting with tariffs on 30 billion Canadian dollars (about 20.7 billion U.S. dollars) worth of goods immediately, and tariffs on the remaining 125 billion Canadian dollars (about 86.26 billion U.S. dollars) on American products in 21 days' time, according to Trudeau.
Also on Monday, Canadian Foreign Affairs Minister Melanie Joly said that Canada is ready to hit back at U.S. President Donald Trump's tariffs right away.
Joly said that this is an existential threat to Canada, and there are thousands of jobs in Canada at stake.
If the United States decides to launch their trade war, Canada is already prepared, Joly said.
In addition, Canada's Ontario Premier Doug Ford said on Monday that his province is ready to cut off electricity and critical mineral supply to the United States in response to the expected tariffs.
Ford, also the chair of the Council of the Federation of Canada's premiers, said Ontario is a major electricity exporter to U.S. states of New York, Michigan and Minnesota.
Ford also threatened to halt exports of Ontario nickel to the United States during an interview with NBC News on Monday afternoon.
On Sunday evening, Canada's Natural Resources Minister Jonathan Wilkinson said that Canada and the United States are no longer trade partners as before even if the tariffs are removed.
Trump said on Monday that 25-percent tariffs on Mexico and Canada will take effect on Tuesday.
On Feb. 1, Trump signed an executive order to impose a 25-percent tariff on goods imported from Mexico and Canada, with a 10-percent tariff increase specifically for Canadian energy products.
On Feb. 3, Trump announced that the additional tariffs on goods from Mexico and Canada would be deferred for one month, allowing more time for negotiations.
Canada to impose retaliatory tariffs on U.S. imports from Tuesday
Canada to impose retaliatory tariffs on U.S. imports from Tuesday
