As U.S. President Donald Trump toys with slapping massive tariffs on Canadian goods next week, the front-runners vying to replace Prime Minister Justin Trudeau are both vowing to respond with dollar-for-dollar retaliation.
In a statement following Trump’s inauguration, former central banker Mark Carney, who officially entered the Liberal leadership race last week, said if the president follows through it would “demand the most serious trade response in our history.”
“Dollar-for-dollar retaliatory tariffs by Canada should be a given and they should be aimed where their impacts in the United States will be felt the hardest,” said the former Bank of Canada governor in a statement Monday night.
“Every dollar raised by Canadian tariffs should be used to help support Canadian workers through this fight.”
As his first day in office came to a close Monday, Trump suggested he’s “thinking” of following through with the massive tariffs he’s threatened against Canada …