Saw an amusing meme this morning:
Canada to US: "Fine, I won't buy your products!"
US to Canada: "LOL, ok. But can you afford us not buying yours?"


I tend to agree that Canada can't do much by taxing imports from the US.
If applying pressure to the US were desired, I think much better be to halt (or wildly overtax) a few exports. Electricity, oil to US refineries that can't use other grades, car parts, nuclear reactor and helicopter components. The engines for the F35 and KC-135R "stratotanker" are made in Canada. Some of that would be rather funny, as many of the Canada-based suppliers in question are wholly US-owned, like Pratt and Whitney Canada.

The Canadian government would have to find a (very very expensive) way to keep the Canadian owned companies afloat, so I'd expect Canadian bond yields to jump. The US car companies would shut down production within a few days, upon whom depend over 7 million US employees.

Note, I am not advocating this. Just pointing out that there is no need for Canadians to bring a knife to a gun fight. A more Canadian way would be to ask "why on earth would I want to go to a gun fight?"

Jim