Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War
- Move would be a last resort to put economic pressure on US
- Some US refiners rely heavily on cheap Canadian crude
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Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad tariffs.
Export levies would be a last resort for Canada, according to officials familiar with the discussions inside Prime Minister Justin Trudeau’s government. Retaliatory tariffs against US-made goods, and export controls on certain Canadian products, would be more likely to come first, said the people.