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How will Canada respond to US's proposed 25% tariff by March 2025?
2
Resolution / Starting Odds
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action • 25%
Other • 25%
Official announcements from the Canadian government or trade organizations
Story
Trump Plans 25% Tariffs on Mexico, Canada, 10% on China
Nov 26, 2024, 05:44 AM
President-elect Donald Trump has announced plans to impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, effective from his first day in office. These measures are intended to address illegal immigration and the trade of illicit drugs. China has responded by stating that economic and trade cooperation between China and the US is mutually beneficial, and warned that no one will win a trade war or a tariff war. The Chinese Embassy in Washington emphasized this stance, noting that both nations have resumed regular communication on counternarcotics since the San Francisco Summit.
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Impose retaliatory tariffs • 25%
Seek negotiations • 25%
No significant action • 25%
Other response • 25%
Negotiate with U.S. • 25%
Impose retaliatory tariffs • 25%
Seek WTO intervention • 25%
Other • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
Appeal to international trade bodies • 25%
No significant response • 25%
Introduce new trade policies • 25%
Maintain current policies • 25%
Seek renegotiation with US • 25%
Other • 25%
Retaliatory tariffs imposed • 25%
Increased lobbying efforts • 25%
Shift in export markets • 25%
No significant response • 25%
Retaliatory tariffs • 25%
Negotiations • 25%
No action • 25%
Other • 25%
Canada imposes tariffs on U.S. goods • 25%
Canada negotiates trade terms with U.S. • 25%
Canada supports Mexico's stance • 25%
Canada takes no action • 25%
Retaliatory tariffs • 25%
Increased border security • 25%
Diplomatic negotiations • 25%
Other measures • 25%
Retaliatory tariffs • 25%
Negotiations • 25%
No action • 25%
Other measures • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action • 25%
Other • 25%