Tariffs first, electricity and critical minerals next: Canada may hit the US without hurting itself
- Posted on August 25, 2026
- By Business News Today
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- 1 min read
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Tariffs first, electricity and critical minerals next: Canada may hit the US without hurting itself
Canada is preparing targeted retaliatory tariffs after trade talks with the United States collapsed and President Donald Trump threatened 50% duties on Canadian autos, auto parts and steel. Prime Minister Mark Carneys options extend beyond tariffs to electricity, energy, critical minerals and consumer pressure, but escalation risks hurting Canadas economy.
