Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Trump follows through with his plans to add a steep 25% import tax on Canadian exports, people familiar with the matter told CNN.

Canada is looking at putting retaliatory tariffs if President-elect Donald Trump follows through with his threat to impose 25 percent tariffs on all Canadian products.

OTTAWA (Reuters) - Canada is considering slapping retaliatory tariffs on a slew of U.S. products including orange juice in case President-elect Donald Trump imposes a 25% tariff on goods imported from north of its border, a local newspaper said on Thursday.