Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Canada and Mexico on Feb.

Canadian Foreign Minister Melanie Joly on Friday announced she would not run in the race to replace Prime Minister Justin Trudeau, saying she wanted to focus on the threat posed by potential U.S. tariffs.

Trudeau has appeared on multiple U.S. news networks to warn Canada’s neighbors that their pocketbooks are at risk of becoming collateral damage in Trump’s trade war. “Anything an American president does to hurt the Canadian economy will also hurt American consumers and American workers and American growth,” he told CNN’s Jake Tapper last week.

Canadian PM Justin Trudeau said that if a “worst-case scenario” trade war ensues between the US and Canada, Ottawa won’t hesitate to take strong retaliatory measures.

Canada's Prime Minister Justin Trudeau listens during a meeting of the Canadian Automotive Partnership Council at Martinrea International in Woodbridge, Ontario, Canada, January 17, 2025. REUTERS/Cole Burston/File Photo TORONTO (Reuters) - Canadian Prime Minister Justin Trudeau reiterated on Tuesday that his government is ready to respond to all scenarios if U.

As the President wields the threat of import duties, Canadian Foreign Minister Mélanie Joly said the country is working to avoid tariffs, but is also 'working on retaliation.'