Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

Canada is looking at putting retaliatory tariffs if President-elect Donald Trump follows through with his threat to impose 25 percent tariffs on all Canadian products.

Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Trump follows through with his plans to add a steep 25% import tax on Canadian exports, people familiar with the matter told CNN.

Canada's finance minister says U.S. President-elect Donald Trump’s comments that Canada should become the 51st state are no longer a joke and are meant to undermine America’s closest ally and major trading partner.

President-elect Trump has doubled down on his suggestion of a merged United States and Canada in the wake of Canadian Prime Minister Justin Trudeau’s decision to resign. Some have shrugged off Trump’s suggestion Canada should “become the 51st state” as an old joke or mere posturing,

Canadian Prime Minister Justin Trudeau on Wednesday said U.S. President-elect Donald Trump's talk of possibly annexing Canada was a tactic designed to distract people from the impact of his proposed tariffs.