Canada is preparing to strike back hard with retaliatory tariffs if Trump starts a trade war

CNN — Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Donald Trump follows through with his plans to add a steep 25% import tax on Canadian goods, people familiar with the matter told CNN. The preparations show how raising tariffs could kick off a trade war that will ultimately raise prices on a number of consumer goods around the world. Canadian officials are working on a list of dozens of American products that the United States exports to Canada, targeting items that both send a political message and inflict a reasonable amount…