AIRLINK 189.45 Increased By ▲ 1.42 (0.76%)
BOP 11.20 Decreased By ▼ -0.66 (-5.56%)
CNERGY 7.29 Decreased By ▼ -0.25 (-3.32%)
FCCL 36.70 Decreased By ▼ -1.09 (-2.88%)
FFL 15.00 Decreased By ▼ -0.24 (-1.57%)
FLYNG 26.39 Increased By ▲ 0.86 (3.37%)
HUBC 131.45 Increased By ▲ 1.30 (1%)
HUMNL 13.50 Decreased By ▼ -0.11 (-0.81%)
KEL 4.27 Decreased By ▼ -0.08 (-1.84%)
KOSM 6.05 Decreased By ▼ -0.12 (-1.94%)
MLCF 45.99 Increased By ▲ 0.31 (0.68%)
OGDC 202.49 Decreased By ▼ -3.94 (-1.91%)
PACE 6.10 Decreased By ▼ -0.28 (-4.39%)
PAEL 38.18 Decreased By ▼ -2.13 (-5.28%)
PIAHCLA 16.81 Decreased By ▼ -0.14 (-0.83%)
PIBTL 7.91 Decreased By ▼ -0.12 (-1.49%)
POWER 9.85 Decreased By ▼ -0.18 (-1.79%)
PPL 173.84 Decreased By ▼ -5.00 (-2.8%)
PRL 34.94 Decreased By ▼ -1.42 (-3.91%)
PTC 24.10 Decreased By ▼ -0.29 (-1.19%)
SEARL 101.80 Decreased By ▼ -1.36 (-1.32%)
SILK 1.06 Decreased By ▼ -0.01 (-0.93%)
SSGC 32.68 Decreased By ▼ -3.56 (-9.82%)
SYM 17.95 Decreased By ▼ -0.28 (-1.54%)
TELE 8.11 Decreased By ▼ -0.27 (-3.22%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.44 Increased By ▲ 0.11 (0.16%)
WAVESAPP 11.79 Decreased By ▼ -0.22 (-1.83%)
WTL 1.53 Decreased By ▼ -0.04 (-2.55%)
YOUW 3.95 Increased By ▲ 0.06 (1.54%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

TORONTO: Ottawa and the provinces will respond robustly if the incoming U.S. administration goes ahead with a promise to impose tariffs on imports from Canada, Finance Minister Chrystia Freeland said on Friday.

Prime Minister Justin Trudeau, Freeland and the 10 provincial premiers have held two phone calls recently to discuss how best to react if President-elect Donald Trump slaps a 25% tariff on U.S. imports from Canada.

“In the event that the United States were to impose unjustified tariffs on Canada, of course we would respond, and the Canadian response would necessarily be robust. I am confident that it would be effective,” Freeland told reporters.

Trump has said he will keep the tariffs in place until Canada clamps down on drugs and migrants crossing the border.

Bloomberg reported Thursday that Canada was examining the possible use of export taxes on commodities including uranium, oil and potash.

World trade outlook uncertain for 2025 on US tariff threats: UN

A Canadian government source said while all options for retaliation were on the table, ministers and officials were nowhere near taking any kind of decision.

Although Freeland said Ottawa and the provinces would need to present a united front, some provincial premiers are unhappy about the proposed response.

Scott Moe, premier of the western province of Saskatchewan, said export taxes “would be a complete betrayal” by the Trudeau government. Saskatchewan produces oil, uranium and potash, he noted.

“Export taxes on these commodities would be a self-destructive response to U.S. tariffs as they would only increase the harm to our economy and jobs,” he said in a post on the X social media network.

Alberta Premier Danielle Smith said her oil-producing province would “not support cutting off our Alberta energy exports to the U.S., nor will we support a tariff war with our largest trading partner and closest ally”.

Comments

200 characters