Canada Plots Tariff Retaliation if Trump Starts Trade War

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Canada is drawing up plans for extensive tariffs against U.S. products if President-elect Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

The Canadian government’s draft plans for trade retaliation go well beyond the narrow list of U.S.-made items on which it placed counter-tariffs during a 2018 dispute, according to government officials.

Back then, Canada chose to attack certain products, such as Kentucky-made bourbon whiskey, that are exported to Canada from Republican strongholds in the U.S.. The trade spat ended after the U.S., Mexico and Canada came to terms on a revised regional trade deal.

This time, many of those same products would be hit again by Canadian counter-measures, along with items such as orange juice from Florida, where Trump and some Republican officials are based. But Prime Minister Justin Trudeau’s government is also preparing to go much further if necessary, said the officials, speaking on condition they not be identified.

I’ve got a better deal for President Trump: let’s work together to build Fortress Am-Can and take on …