Canada ponders taxes on oil and uranium exports to counter Trump’s probable trade war

Canada is considering export taxes on major commodities it exports to the US, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged, per Bloomberg.

Retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on the table as a last resort. The Bloomberg report cited officials familiar with discussions inside Prime Minister Justin Trudeau’s government.

Market reaction
At the time of writing, USD/CAD was down 0.02% on the day at 1.4223.

Srijandorn
Canada is considering export taxes on major commodities it exports to the US, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged, per Bloomberg.

Retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on the table as a last resort. The Bloomberg report cited officials familiar with discussions inside Prime Minister Justin Trudeau’s government.

Market reaction
At the time of writing, USD/CAD was down 0.02% on the day at 1.4223.