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 % tariffs on all American goods. In November, reports of the possible list started to appear in citing sources-citing media reports. There are a number of things that are currently being considered, according to American stores including Global News in recent days. Among those are things like metal from Michigan and Pennsylvania and orange wine from Florida, but Global News has learned that those are just a few examples of the numerous products being considered. 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 presidency. How much will they continue to exist, the question is now? Canada’s likely going to fight 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 strong ties between the United States and Canada make it difficult to explain why tariffs are necessary to reduce harm to one’s own business. ” Neither of us can hurt the various without harming ourselves because the markets are thus interdependent”, he said. According to Cunningham, Ottawa could impose tariffs on the ground using political logic rather than monetary logic. We could examine the areas where a price or export taxes would have the greatest impact on the U.S. economy and would have the biggest impact on U.S. industries in the states where Trump enjoys support,” he said. Lander said Ottawa was targeted products from Republican-leaning state. ” Where is Trump at his weakest? You want to target the goods in the Trump-supporting areas. You don’t want to go after the coastlines”, he said. In the 2024 presidential poll, 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 even targeted Michigan a little harder, he said, because Michigan’s automakers will also have a repercussion on the Canadian car market. ” 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 could try to get People who want to travel to Vegas and pay extra for it. But that’s punishing American people. It doesn’t have to harm the United States. S”, he said. According to Cunningham, the cost of living in the United States during the autumn months may increase.
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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 occur 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. According to Cunningham, some of those products might be in the crosshairs once more. ” We might impose retaliatory tariffs on imported American wines like California wine and Kentucky whiskey.” We might impose export taxes on our exports 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. Cunningham suggested that Canada should address these trade restrictions in conjunction with other political figures in the United States besides Donald Trump. ” Go around him. Reach out to governors, senators, congressmen, business leaders in states where his political support is important to him”, he said. Explain to them how the two countries ‘ economic interdependence means that anything he does hurts them 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. Because Republicans Orrin Hatch and Mitch McConnell were viewed as the two senators who could repress him, there was some strategy targeting Utah and Kentucky the last time. This time around, I’m not sure that anybody is there to rein him”, he said. According to Lopez, counter-tariffs that increase domestic prices could undermine Canada’s ability to negotiate when the CUSMA free trade agreement is up for renegotiations. 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. Not the other way around ,”Trudeau and the premiers will meet in Ottawa next week to discuss Canada’s strategy, including retaliatory tariffs. with files from Mercedes Canadian Press for Global News.
