Canada Hits Back At US With Tariffs On $13 Billion In Goods
Canada enacted tariffs on $12.5 billion in U.S. exports including steel, aluminum and other products on Sunday as a response to U.S. tariffs on foreign steel and aluminum that were enacted on June 1.
Canada’s new tariffs include a 25 percent penalty on more than 40 U.S. steel products and 10 percent penalties on U.S. goods including maple syrup, coffee beans and strawberry jam, reported CNN.
The Canadian tariffs are “in direct, measured and proportional response to U.S. tariffs on Canadian steel and aluminum,” stated a government press release on June 29. Canada was the largest exporter of steel to the U.S. by value in 2017, reported CNN. (RELATED: Trump: Democrats Will Get ‘Beaten So Badly’ If They Continue Push To Abolish ICE)
Canada enacted the tariffs “to defend and protect Canadian workers & [sic] businesses,” wrote Canadian Minister of Foreign Affairs Chrystia Freeland in a tweet on June 29.
Today, Canada announced the final list of reciprocal tariffs on $16.6 billion of imports from the US + up to $2 billion to defend and protect Canadian workers & businesses. #CdnPoli https://t.co/yH33cDmlMD
— Chrystia Freeland (@cafreeland) June 29, 2018
The U.S. announced tariffs on steel and aluminum from the European Union, Canada and Mexico on May 31. U.S. Secretary of Commerce Wilbur Ross explained that the tariffs are in the interest of national security.
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