Canada announces details of tariffs on USA goods

01 July, 2018, 16:44 | Author: Angel Logan
  • Canada moves ahead with $16.6 billion in tariffs on U.S. products as trade war heats up

"This is a perfectly reciprocal action", Freeland said. "Unions welcome the Canadian government's rapid response in defense of Canadian workers as an important first step in protecting workers and communities who will be adversely affected by this misguided attack on Canadian industry", said CLC President Hassan Yussuff. This means that products made in the USA with Canadian aluminum or steel and sold back to Canada will now be heavily taxed by both nations. For example, Canada imports just $3 million worth of yoghurt from the U.S. annually and most of it comes from one plant in Wisconsin, the home state of House Speaker Paul Ryan. The duties will be 25 percent on steel and 10 percent on everything else.

Freeland, asked whether she feared the U.S. would escalate matters, recalled a public comment she made right before the start of NAFTA negotiations - another tough Canada-U.S. trade file.

"[The North American Free Trade Agreement] won't be solved overnight", the source said.

Trudeau and U.S. President Donald Trump spoke late Friday.

"I'm not expecting this to create the kind of waves that are going to make any big difference", Mr. Watson said Thursday.

Canada also faces risks from the U.S.

As temperatures and tensions increase, the measures targeting Can$16.6 billion (S$17.21 billion) in United States steel, aluminium and consumer goods will take effect on Sunday, when Canadians celebrate a national holiday and just days before Americans celebrate Independence Day amid a heatwave expected in both countries. China has said it would retaliate in kind.

Most Canadian politicians, including those in Alberta, support the federal government's retaliatory tariffs as a way of standing up for Canadian jobs.

At the end of May, Freeland and Trudeau announced their intentions to impose dollar-for-dollar tariffs on some USA products and sought feedback.

Short later echoed Mnuchin, saying: "The president has expressed frustrations with worldwide organisations, from a sovereignty perspective". A 25 percent tariff will also be placed on any American steel and aluminum.

Besides, the danger of surrendering to Trump's bullying is that we would just invite more bullying. The Canadian government plans to keep them in place until the US removes its tariffs.

"Congress would not accept that", said Bill Reinsch, senior adviser at the Centre for Strategic and International Studies.

"In all ways we have been very restrained..." White House adviser Kellyanne Conway was less reassuring than her colleagues Friday that Trump wouldn't withdraw.

"Frankly, had we done nothing, I think Canada would really have lost out at the end of the day".

Canada and Mexico were initially exempted from the USA steel and aluminum tariffs but Trump ended this in July amid stalled talks to revamp a 1994 trilateral trade deal.

Canadian steel is used in American tanks, and Canadian aluminum is used in American planes. "Our approach is that we will not escalate, but equally, we will not back down", Freeland said.

"Faced with these unjustified tariffs, the United States will take all necessary actions under both USA law and worldwide rules to protect its interests", he said in the statement.

Canadian Foreign Minister Chrystia Freeland gestures during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico, March 5, 2018.

"I don't think we'll see any reaction from the Trump administration".

The US is also exposed to thousands of potential job losses, as higher costs for steel and aluminium hurt US firms and trigger retaliation from Canada and elsewhere.

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