Canada poised to retaliate against Trump tariffs: ‘We’re not waiting by the phone’
Canada is poised to announce new tariffs on U.S. goods Tuesday in retaliation for the 50% duties that President Donald Trump imposed after a breakdown in trade talks, Canadian trade minister Dominic LeBlanc told CNBC.
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“Our preference was not to do that,” LeBlanc said on “Squawk Box” after confirming Canada’s intention to unveil the new tariffs.
“Our preference was to find a deal that benefits both countries,” he said. “We still believe that’s possible. But in the meantime, we’re not waiting by the phone.”
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Canadian officials are set to announce Ottawa’s response to the United States’ action at a press conference at 11 a.m. ET.
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