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Canadian Economy and Markets

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Published January 31, 2025 at 10:00 am

Last Updated January 31, 2025 at 11:22 am

Liberal leadership candidate Chrystia Freeland is calling on Ottawa to target Tesla vehicles and U.S. alcohol as part of its tariff retaliation package to send a message that an attack on Canadian trade would not be cost-free for Trump’s allies.

In an interview with The Canadian Press, Freeland said there should be a 100 per cent tariff on all U.S. wine, beer and spirits, and on all Teslas.

“We need to be very targeted, very surgical, very precise,” Freeland said. “We need to look through and say who is supporting Trump and how can we make them pay a price for a tariff attack on Canada.”

The move would target Tesla CEO Elon Musk and other power brokers in Trump’s orbit, along with powerful lobby groups such as Wisconsin dairy farmers.

Tesla’s chief financial officer warned on an earnings call earlier this …

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