Canada responds to the United States with retaliatory costs of $ 12.6 billion

Canada responded to United States this Friday (29) with retaliatory tariffs of $ 12.6 billion on goods American – among them, products such as orange juice, ketchup and bourbon whiskey.

Tariffs of 25% on steel and aluminum products and 10% on consumer goods come into effect on July 1st. trade agreement with US President Donald Trump.

Ottawa also announced $ 1.52 billion in financial badistance for Canada's steel and aluminum industries and workers affected by US metal rights – announced in March and April. imposed on Canada since June 1st.

"Canada has no choice but to respond with a calculated and reciprocal response for every dollar. That's what we are going to do, "said Foreign Minister Chrystia Freeland

" We will not escalate and we will not retreat, "he added, urging Washington to reconsidering its attacks on the Canadian economy, adding that it is the hardest trade action in Ottawa since the Second World War

The list of 250 US products subject to Canadian tariffs was intended to be pressure on Trump voters in swing states,

Rates include, for example, Florida orange juice, Wisconsin toilet paper and North Carolina cucumbers.

early, Canada and Mexico 25% on steel and 10% on aluminum, but Trump went from this month in the midst of negotiations for the renewal of the North Free Trade Agreement American (NAFTA,

Canadian businessmen have warned the legislatures slators that an escalation in a trade war would be devastating for the country's economy, which sends about 75% of its exports to the United States.

However, Canadians are largely in favor of the retaliatory measures announced on Friday.

In Ottawa, authorities declined the invitation of the United States ambbadador to the annual American Independence Day on July 4.

I am not satisfied with the leadership of the US government and its constant attacks on our country, "said Ottawa President Jim Watson to the CBC's public broadcaster

.

] Remote Neighbors

Canada and the United States are among the world's two oldest trading partners, with an estimated $ 637.9 billion in goods and services traded in 2017, with a small surplus for United States, according to the United States Trade Representative's Office.

The United States is also the main destination for Canadians who made 42 million trips to the United States in 2017

The distance between the two it's still hollowed out when Trump abruptly rejected the joint communique and insulted his Canadian guest, Prime Minister Justin Trudeau

But neighborly relations are living their worst moment in decades. [196590] 10] This week, Trump continued to attack Canadian products such as dairy products and wheat, and the exemption from customs duties for returning Canadians, accusing them of using sneakers to counterfeit them.

Wilbur Ross, defended the Trump Government's tariffs in Congress last week, but conceded that the Canadian steel industry "has not been accused of being dir" [19659029] (function (d) {var id = "facebook-jssdk"; if (! d.getElementById (id)) {var js = d.createElement ("script" ref = d.getElementsByTagName ("script") [0] ; js.id = id, js.async = true, js.src = "https: / / connect.facebook.net / en_br /all.js", ref.parentNode.insertBefore (js, ref)} }) (document) [ad_2]
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