Bloomberg has learned of Canada's willingness to impose duties on $105 billion worth of goods from the U.S.

Canada is ready to impose duties on U.S. products worth $105 billion when U.S. President-elect Donald Trump imposes tariffs on Canadian goods. This was reported by Bloomberg on January 16.

"Canada has compiled an initial list of U.S.-made goods worth $105 billion that will be subject to tariffs if President-elect Donald Trump decides to impose tariffs against Canadian goods," the agency said in its material.

It is specified that Ottawa will not go to the introduction of duties first. This project exists as a means of protection. In addition, the agency said that the amount of goods and their list is preliminary, it can be supplemented.

Earlier, on January 14, it was reported that the Canadian Ambassador to Washington Kristen Hillman said that the country is ready to buy more of various goods from the United States in order to mitigate the threat of Trump's duties. The ambassador noted that Canada is not interested in a trade conflict with the United States.

Prior to that, on January 13, Canadian Foreign Minister Melanie Joly said that Canada may stop exporting electricity to the United States in response to Trump's threats to impose duties. Bloomberg reported on January 12 that Canadian Prime Minister Justin Trudeau said that Ottawa was ready to respond by imposing retaliatory duties against the United States if Trump carries out his threat to start a trade war in North America. At the same time, he noted that the Canadian government is not planning a trade war with the new White House administration.

On November 26, 2024, Trump noted that he will impose import duties of 25% on all Canadian and Mexican goods as early as the day of his inauguration, January 20, if Ottawa and Mexico City fail to fundamentally change the situation with migration to the U.S. across the Canadian and Mexican borders.