The Trudeau government is planning a first round of counter-tariffs that could be unveiled as soon as incoming U.S. president Donald Trump is sworn in on Monday, Radio-Canada has confirmed.

Steven Miran, Trump’s head of the Council of Economic Advisers, wrote a paper defending tariffs and arguing that tariffs are borne by foreign producers and that the rise in the dollar reduces the cost to Americans.

Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump follows through with a threat of imposing a 25% tariff on all Canadian goods

What sectors are most vulnerable and which ones will prove to have greater resiliency to this economic pressure

But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.

Ottawa is ready to retaliate if U.S. president-elect Donald Trump slaps Canada with devastating tariffs, Prime Minister Justin Trudeau promised Friday — and his ministers say Republicans in Washington don't fully understand the likely impact of the duties on both countries' economies.