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Canada’s “Retaliatory Tax” On US Imports Is In Effect

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Canada’s retaliatory tariffs on U.S. goods take effect Sunday following the Trump administration’s new tariffs on Canadian steel and aluminum, VOA reported

Prime minister Trudeau’s office  said in a statement that the prime minister “had no choice but to announce reciprocal countermeasures to the steel and aluminum tariffs that the United States imposed on June 1, 2018.”

The White House said last month that it would add a 25% import tariff on Canadian steel, and a 10% tariff on aluminum. Trump also recently threatened to impose more tariffs on imported vehicles and auto parts from Canada, and said the move is based on “national security.”

“We will not escalate and we will not back down,” Canadian Foreign Minister Chrystia Freeland said.

Freeland described the tariffs as “the strongest trade action Canada has taken in the post-war era,” NBC News reported

Trudeau and U.S. President Donald Trump spoke late Friday to discuss trade and other economic issues, the White House said Saturday.

“The two leaders agreed to stay in close touch on a way forward,” according to the prime minister’s office.

The telephone conversation between the two leaders was their first encounter since the G-7 summit in Quebec in June. After that meeting, Trump tweeted that Trudeau was “weak” and “dishonest.”

The American goods that Canada has placed tariffs on include ketchup, lawn mowers and motorboats.

Some of Canadian tariffs on U.S. items are politically targeted.

For example, Canada imports $3 million in yogurt, most of it coming from a plant in Wisconsin, the home state of House Speaker Paul Ryan. U.S. yogurt will now be hit with a 10 percent duty.

$16.6 billion worth of imported American goods, are subject to the new tariffs, according to The Star

Whiskey is also on Canada’s list of tariffs for the U.S. Whiskey comes largely from Tennessee and Kentucky.

Kentucky is the home state of Republican Senate leader Mitch McConnell.

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1 Comment

1 Comment

  1. Estelle

    07/02/2018 at 11:15 am

    When you take into account the comparative size of the two economies, Trudeau’s retaliation is infantile. Too bad for Canadians that he did not try to be creative to find a new way to shore up the industries in Canada that were unfavorably targeted by tariffs.

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