With only a few days until Donald Trump re-elects as president of the United States, Ottawa has been looking at a list of possibilities that could face punitive taxes if he imposes 25 % taxes on all American goods. In internet information citing sources began to appear reports of the possible list in November. There are a number of items being considered right now, according to latest news from French outlets, including Global News. Among those are things like steel from Michigan and Pennsylvania and orange juice from Florida, according to Global News. According to researchers, it appears probable that Canada will respond in proportion to whatever Trump will impose. ” For positive we’re going to have taxes imposed on us by the Trump administration. How much will they continue to exist, the question is now. Canada’s likely going to retaliate because they need to be seen to be doing something”, said Moshe Lander, an economist at Concordia University. The 2024 Fall Economic Statement, tabled in December after Trump made his threat of taxes, said Canada’s global trade policy will focus on equality, which” will be considered as a necessity for all national spending and policies “.Jack Cunningham, associate professor at Trinity College at the University of Toronto, said Canada has some accounts it could play and fight with “relative ease”, but said the key was to make sure Canada’s personal business wasn’t hurt in the process. He claimed that the logic behind tariffs is to reduce harm to one’s own economy, but that is difficult to accomplish due to the close ties between the United States and Canada. ” Neither of us can hurt the other without harming ourselves because the economy are thus interdependent”, he said. According to Cunningham, Ottawa could impose tariffs on the basis of social logic rather than monetary logic. According to him,” We could examine the areas where a price or trade duty would have the greatest impact on the U.S. economy and where Trump’s industries would be most well-known.” Lander said Ottawa was targeted products from Republican-leaning state. ” Where is Trump at his weakest? You’re going to need to target the goods in the areas where Trump enjoys the most help. You don’t want to go after the coastlines”, he said. In the 2024 presidential vote, Pennsylvania swung from Democrat to Republican. Lander said Ottawa’s approach had targeted swing state. ” You go after even those seven says if you want to try and impose destruction.” Pennsylvania might be one of them, but you could also objective Michigan a much harder because Michigan’s automakers are also going to have spillover effects on the Canadian car industry, he said. ” North Carolina, Arizona, Nevada could also be goals as well”.This may suggest U. S. made trucks could get more expensive to buy in Canada. But in some instances, Canada may also seem to implement import tariffs. You may try to get away from People who want to spend money in Vegas. But that’s punishing American people. It’s never actually causing harm to the U.S. S”, he said. According to Cunningham, it might also cost more to travel to the United States during the autumn months.
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” We could also impose a visitor tax on French nationals who did holiday in Florida over the winter in Trump’s home state”, he said, adding that oranges and orange juice from Trump’s home state may also appear under Ottawa’s counter-tariffs. During Trump’s first term, Canada fought back against U.S. steel and aluminum tariffs by focusing on specific American goods like playing cards, ketchup, and bourbon to put political pressure on Trump and key Republicans. Some of those products, according to Cunningham, might be in the crosshairs once more. We might impose retaliatory tariffs on imported American goods like California wine and Kentucky whiskey. We might have to levy export taxes on our imports to the United States, increasing the cost of those products. We could restrict energy supplies. There’s actually a lot we could do”, he said. According to Cunningham, Canada should reach out to other U.S. political figures besides Donald Trump in order to enforce these trade restrictions. ” Go around him. Reach out to governors, senators, congressmen, business leaders in states where his political support is important to him”, he said. ” Lobby them, explain to them how the two countries ‘ economic interdependence means that anything he does hurts us hurts them as well.” That’s what we did last time in the renegotiation of NAFTA”.However, Lander isn’t sure that strategy would work. There was some strategy targeting Utah and Kentucky the last time because ( Republicans ) Orrin Hatch and Mitch McConnell were viewed as the two senators who could repress him. This time around, I’m not sure that anybody is there to rein him”, he said. When the CUSMA free trade agreement is up for renegotiations, according to Lopez, counter-tariffs that raise prices domestic might undermine Canada’s bargaining power. However, he said if Canada does impose tariffs, it should not jump the gun. The best time, he said, is to wait until Trump has taken office on Jan. 20. ” We should wait until there are tariffs on us before we come back and say, well, you forced our hand,” we advised against doing retaliatory tariffs. The premiers and Trudeau will meet in Ottawa next week to discuss Canada’s strategy, including retaliatory tariffs. with files from Mercedes Canadian Press for Global News
