Any Canadian response to U.S. tariffs will be regionally fair and equitable and not single out Alberta, Canada's main oil-producing province, Canada's Energy and Natural Resources Minister Jonathan Wilkinson said on Wednesday.

Throughout President Trump’s election campaign and even in the days following leading up to Inauguration Day, the commander in chief was pushing a heavy tariff agenda, with great emphasis on China and Mexico.

The U.S. is threatening a two-stage tariff plan in which Canada and Mexico could get hit with initial trade penalties within days then face broader penalties this spring. In summary it's: Maybe tariffs now, and maybe more tariffs later.