Canada's outgoing Prime Minister Justin Trudeau on Sunday suggested that President-elect Donald Trump's remarks about Canada becoming America's “51st state” has distracted attention from the harm that steep tariffs would inflict on U.

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.

Canadian CEOs are being asked for feedback as Canada plans to levy a tranche of retaliatory tariffs against the United States if President-elect Donald Trump makes good on his threat to apply 25% tariffs against Ottawa.

Canada is considering retaliatory tariffs on US goods like orange juice, ceramics, and steel in response to Trump's 25% tax threat, aiming to target key products while minimizing impact on Canadian consumers.

The items under Canada's consideration include ceramics, steel and furniture, etc. US energy exports could be targeted as a ‘last resort’, officials said.

Canada is developing plans to impose notable duties on products from the United States. They will come into effect if the newly elected US President Donald Trump fulfills his threat to impose a 25% duty on Canadian goods,