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,

Justin Trudeau emerged from a meeting with all 13 premiers Wednesday armed with a proposal to slap counter-tariffs on up to $150 billion worth of American imports in the “very” likely event the U.S. imposes tariffs on Canadian goods.