Canada slaps retaliatory tariffs on US imports


Toronto, August 8

Canada’s Deputy Prime Minister has mentioned the nation plans to impose 3.6 billion Canadian (US $2.69 billion) tariffs on US imports in response to President Donald Trump saying the US is reinstating a 10 per cent import tax on Canadian aluminium.

Deputy PM Chrystia Freeland mentioned on Friday the tariffs will match the US ones dollar-for-dollar. Trump mentioned on Thursday that he was re-implementing tariffs as a result of there was a surge in aluminium exports from Canada to the US, however business disputes that declare.

Canada is contemplating imposing a tariff on dozens of merchandise, together with golf golf equipment, bicycles, fridges, washing machines, tripods, sports activities tools like bats and hockey sticks and embossed aluminium cans for drinks.

Trump initially imposed the tariffs on aluminium imports in 2018. He then lifted them final yr on Canadian and Mexican metals to easy the way in which for the US-Mexico-Canada Agreement, which changed the North American Free Trade Agreement. — AP

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