Canada weighing how to retaliate if Trump imposes 25% tariffs

Experts say a volley of tariffs between the U.S. and Canada could tip both countries into a recession and severely disrupt cross-border commerce between the key trading partners. 

A Canadian government official said Wednesday it is exploring potential retaliatory levies on certain U.S. imports after President-elect Donald Trump on Monday threatened to impose a 25% tariff on all goods from Canada and Mexico on his first day in office. The official, who stressed no final decision has been taken, spoke on condition of anonymity as they were not authorized to speak publicly.