Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

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.

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.

When Prime Minister Justin Trudeau was elected in 2015, he promised sunny ways and "a real change." Over the last nine years, there's no doubt his government has focused on fighting climate change, advancing Indigenous reconciliation and lifting some Canadians out of poverty.

Canada’s governing Liberal Party will announce the country’s new prime minister March 9 after a leadership vote that follows the resignation of Justin Trudeau this week

The frontrunners for the Liberal leadership are former central banker Mark Carney and ex-Finance Minster Chrystia Freeland.