Canada ready for Trump tariff fight as country’s leaders threaten retaliation: ‘dollar-for-dollar’ [Video]

OTTAWA — On his first day of office as the 47th President, Donald Trump put Canadian leaders in panic mode that evening while signing executive orders in the Oval Office of the White House in the presence of journalists.

Responding to reporters’ questions, Trump reiterated his plan to slap a 25% tariff on both Mexico and Canada “because they’re allowing vast numbers of people… and fentanyl to come in,” and said, “I think we’ll do it on Feb. 1.”

Trump signed the executive order called the America First Trade Policy that includes a provision to “assess the unlawful migration and fentanyl flows” from Canada, Mexico and China “and recommend appropriate trade and national security measures to resolve that emergency” by April 1.

Whether the tariffs come next week or in the spring, Canadian leaders are ready to retaliate.

CANADA READIES TRUMP TARIFFS RESPONSE: ‘IN A TRADE WAR, THERE ARE NO WINNERS’

“Two things will happen,” outgoing Liberal Prime Minister Justin Trudeautold reporters on …