Ontario Premier Doug Ford speaks to the media outside of his office in the Queens Park Legislature, in Toronto, on Wednesday December 11, 2024.Photo by Chris Young/The Canadian Press

'Every tool in our toolbox': Canada preparing retaliatory tariffs, threatening to cut off energy to U.S.

'We need to be ready to fight, this fight is 100 per cent coming on Jan. 20 or Jan. 21,' Doug Ford said after a meeting of premiers with Trudeau and some cabinet members

by · National Post

OTTAWA — Canada is preparing retaliatory tariffs in response to U.S. president-elect Donald Trump’s threat to levy a 25 per cent import tax on all Canadian goods, and Ontario Premier Doug Ford threatened to withhold the province’s energy, which it exports to five states.

“We’ll use every tool in our toolbox, including cutting them off,” Ford said immediately after a meeting of the country’s premiers with Prime Minister Justin Trudeau and some members of the federal cabinet.

What are tariffs? Trump demands Canada, Mexico stop U.S. 'invasion' or 'pay a very big price'American president-elect Donald Trump said that he would impose a 25 per cent tariff on all products entering the United States from Canada and Mexico on Monday. The tariff is not in place yet and it has already had repercussions on the Canadian economy. The loonie fell to the lowest level since May 2020, the Canadian Press reported, although the Canadian dollar was already weakening.National Post Staff, 26 Nov 2024Canadians agree with Trump on border, lack confidence in Trudeau on tariffs: pollOTTAWA — Justin Trudeau may have had a positive meeting with the U.S. president-elect last week in Mar-a-Lago, but Canadians’ confidence in his ability to handle Donald Trump is low. A majority of Canadians also agreed with the president-elect that “Canada should take significant measures to increase border security,” according to a new Léger poll. Antoine Trépanier, 05 Dec 2024