Canadian Prime Minister Justin Trudeau said Monday that Americans “are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them.

While speaking to the Halifax Chamber of Commerce, Prime Minister Justin Trudeau says that Canada will have a response to U.S. President-Elect Donald Trump’s possible 25 per cent tariffs on Canadian goods.

Donald Trump says he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers.

Here's a look at how the showdown between the world's two largest economies played out the last time Trump was in office and where things might be headed now. What happened during

China's exports grew at a slower pace in November than the previous month, while imports shrank, signalling concerns for the world's No. 2 economy as U.S. President-elect Donald Trump's imminent return to the White House introduces new trade risks.