Canada has created an initial list of $105B (C$150B) in goods made in the U.S. that will be subject to tariffs should the incoming Trump administration hit Canadian products with import tariffs first,

The government is preparing for the possibility that the incoming U.S. administration will impose high tariffs on Canadian goods, setting the close allies up for a showdown.

Canada has drawn up an initial list of C$150 billion ($105 billion) of US-manufactured items that it would hit with tariffs if President-elect Donald Trump decides to levy tariffs against Canadian goods,