Canada's Finance Minister warns of U.S. economic nationalism, plans to counter potential tariffs.

Canada's Finance Minister Chrystia Freeland claims the Trump administration aims to create economic uncertainty abroad to deter investments outside the U.S., describing it as "proudly economic nationalist." Freeland emphasizes Canada must be assertive in attracting capital. The federal and provincial governments are developing strategies to counter potential 25% tariffs on Canadian imports, with Ontario considering retaliatory measures like restricting electricity exports. Freeland will detail Canada's response in the upcoming fall economic statement.

December 13, 2024
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