A government official says Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products.

President-elect Donald Trump promised to impose a 25% tariff on all goods from Mexico and Canada on his first day in office. Imports from Mexico and Canada totaled $900 billion in 2023. Trump has proposed tariffs as a solution to government funding.

While the announcement is almost certainly bluster to bring attention to illegal immigration and fentanyl smuggling, there are several reasons why it is so risky.

Donald Trump has announced 25% tariffs on Mexico and Canada. Here is how they would work and what such tariffs might mean.

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.

Quebec Premier François Legault wants Prime Minister Justin Trudeau to appease Donald Trump by tightening border security and clamping down on the illegal drug trade in response to the president-elect's threat of imposing 25 per cent tariffs on Canadian and Mexican imports.

President-elect Donald Trump has threatened tariffs of 25% on imports from Canada and Mexico until fentanyl and undocumented migrants stop flowing over US borders. Canada says it has a plan to boost border security - and points to US government data that show most of the problems come from Mexico.

President-elect Donald Trump has announced plans to impose a 25% tariff on imports from Canada and Mexico after taking office on January 20.