Canada Prepares Retaliatory Tariffs Against U.S. | Panama City Beach News

Canada is preparing to retaliate with targeted tariffs against the U.S. as tensions escalate over trade war threats, with President Trump doubling down on punishing measures—including a potential 50% tariff on cars and steel set for New Year’s Day. Prime Minister Carney, who previously vowed “dollar for dollar” revenge after U.S. tariffs hit Canadian goods, now says Canada may need to narrow its response to shield workers and businesses. Trump slammed Canada as a “rip-off” nation and claimed it doesn’t need the U.S., while also mocking Ontario Premier Doug Ford for threatening to cut power exports—a move that could affect 1.5 million homes. Trump called both leaders “bad,” revived his old joke about making Canada a “fifty-first state,” and even joked about renaming Lake Ontario “Lake America.”

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