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Canada announces retaliatory tariffs on steel and aluminum
Canada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products.
Foreign Minister Chrystia Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S.
Canada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products, Canadian Foreign Minister Chrystia Freeland said Thursday.
Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S. The Nafta partner's proposed import taxes would also cover whiskey, orange juice and other food products alongside the steel and aluminum tariffs.
The retaliatory measures will cover CA$16.6 billion in imports, Freeland said. The products being targeted will be subject to tariffs between 10 percent and 25 percent.
Canadian Prime Minister Justin Trudeau said that the tariffs, announced Thursday by Commerce Secretary Wilbur Ross, are an affront to the security partnership between the U.S. and Canada.
Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S. The Nafta partner's proposed import taxes would also cover whiskey, orange juice and other food products alongside the steel and aluminum tariffs.
The retaliatory measures will cover CA$16.6 billion in imports, Freeland said. The products being targeted will be subject to tariffs between 10 percent and 25 percent.
Canadian Prime Minister Justin Trudeau said that the tariffs, announced Thursday by Commerce Secretary Wilbur Ross, are an affront to the security partnership between the U.S. and Canada.
https://www.cnbc.com/2018/05/31/canada-announces-retaliatory-tariffs.html