Canada readies Trump tariffs response: ‘in a trade war, there are no winners’ [Video]

OTTAWA, Canada – President-elect Donald Trump said, “We don’t need their cars. We don’t need their lumber. We don’t need their dairy products,” about Canada at his Mar-a-Lago news conference last week, when he repeated his annexation thoughts on the U.S.’s northern neighbor and his plan to impose on it a “serious” and “substantial” tariff, which he has said would amount to 25% on Canadian exports.

The U.S. depends on trade with Canada, which provides 60% of U.S. crude oil imports. Last July, the output reached a record 4.3 million barrels per day. 

“Who has the critical minerals? We do,” said Doug Ford, the premier of Canada’s largest province, Ontario, in an interview. “Who has high-grade nickel – which the U.S. needs for manufacturing and for the military? We do.”

According to the U.S. Census Bureau, the U.S. exported more than $322 billion in goods to Canada between January and November 2024. During the same period, the U.S. imported over …