Canada THREATENS To Cut U.S. Power If Trump Imposes 25% Tariff -Trade War

Canada is preparing to retaliate against Donald Trump’s proposed 25% tariff on imports from Canada, a measure he threatens to implement on day one of his second term. Ontario Premier Doug Ford has warned that the province may restrict electricity exports to the U.S., a move aimed at pressuring American states heavily reliant on Canadian energy. Prime Minister Justin Trudeau also signaled potential retaliatory tariffs on U.S. goods, emphasizing the economic harm such actions could cause both countries. These developments highlight escalating tensions in U.S.-Canada trade relations.

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Topic: Donald Trump Tariffs - Trade Wars - Trade War - Tariff - Tariffs

What is a 'tariff': A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry.

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