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.

In response, Justin Trudeau, who is reportedly stepping down as Canada's prime minister, recently wrote on X: "There isn't a snowball's chance in hell that Canada would become part of the United States." Trump-ally Elon Musk then responded: "Girl, you're not the governor of Canada anymore, so doesn't matter what you say."

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.

Canada as the 51st state, seizing control of the Panama Canal and incorporating Greenland: what’s behind president-elect Donald Trump’s latest threats.