Canada is ready to respond to tariffs from its top trade partner the United States on Monday if President-elect Donald Trump follows through on his threat to impose them, Foreign Minister Melanie Joly said on Friday.

The easiest path—to continue with current offshore manufacturing and importing as is—will also be the costliest. President-elect Donald Trump made tariffs a cornerstone of his campaign. He has since doubled down, promising a 25% tariff on goods from Canada and Mexico, and a 10% raise (perhaps above the previously pledged 60%) on imports from China.

Donald Trump came to Washington eight years ago vowing to rewrite U.S. trade relationships, shrink a massive goods trade deficit and rebuild America's industrial base with new tariffs. The president-elect is about to embark on an even more aggressive effort in his second term,

President-elect Donald Trump's plans to impose stiff tariffs on imported goods have already caused some retailers to consider shifting their pricing strategies. One of those retailers, discount

Donald Trump has made it abundantly clear that he plans to instate tariffs on imported goods after he is inaugurated as president on Monday. “To me, the most beautiful word in the dictionary is tariff,