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Canada has retaliated today by imposing retaliatory tariffs on the American essentials of the summer, such as Florida 's orange juice, ketchup from the United States. Ohio and Kentucky Bourbon in its opening war against President Donald Trump. 12.6 billion) of steel, aluminum and US consumer goods will take effect Sunday as Canadians across the country celebrate their national holidays and just days before the Americans celebrate their independence.
The tit-a-tat duties follow the sanction of the US steel and aluminum tariffs imposed in early June. Ottawa also unveiled $ 2 billion (US $ 1.5 billion) in badistance for both sectors.
"Canada has no choice but to respond with a measured dollar-for-dollar response, which we are doing" Minister Chrystia Freeland made the announcement at a steel plant from Hamilton, Ontario, where she was mentored by muscular workers in yellow helmets
"We will not climb and we will not back down," she added. Ottawa is Ottawa's strongest since World War II and urges the Trump administration to cancel its own tariffs
The list of more than 250 products subject to Canadian rights – including Florida juice, Wisconsin toilet paper or North Carolina gherkins. They are intended to put pressure on Trump's supporters during the US mid-term elections in November
They will add 25% to the cost of steel imported to the United States and 10% to imports from the United States. ;aluminum.
Trump terminated the negotiations last July for a restructuring of the trilateral trade agreement of 1994.
Business people warned Canadian lawmakers this week that ####################################################################################### An escalation in a total trade war would be devastating for the United States. The Canadian economy, which sends about 75% of its exports to the United States
If Trump intensifies its attacks on the Canadian economy and imposes a tariff on automobiles as threatened, it will lead to "carmageddon Flavio Volpe, president of the Auto Parts Manufacturers' Association said Tuesday at a House of Commons hearing
Meanwhile, Canadians are largely in favor of retaliatory tariffs. Today
.
"I politely refused because I am not happy with the direction of the US government and its constant attacks against our country," said Ottawa Mayor Jim Watson. Canadian patriotism, meanwhile, has bristled under hashtags like #BoycottUSA, #BuyCanadian and #VacationCanada that urge people not to buy American products and travel packages.
Canada and the United States are among the two largest The United States recorded a small surplus (USD 8.4 billion), according to the US Trade Representative's office.
The United States is also the leading destination for trade in goods and services. Canadian tourists who made 42 million trips to the United States in 2017.
But relations between these two neighbors plunged to their lowest in decades.
It reached new heights at the recent G7 summit. and insulted his Canadian guest, Prime Minister Justin Trudeau.
On the trail of the campaign this week, Trump continued his attacks on Canada's tariffs on dairy products, wheat and Canadian tariffs. US Trade Minister Wilbur Ross last week defended Trump's administration tariffs in Congress but admitted that Canada's steel industry "was not directly or indirectly charged ". individually being a threat to security. Freeland took note, saying that it was "obvious." She also reiterated that Trump's decision to invoke national security to justify US duties on steel and steel imports. Aluminum was "insulting" to Canadian veterans who had supported their American allies in conflicts dating back to the First World War
.The United States has a US $ 2 billion trade surplus on steel products with Canada, said Freeland, and Canada buys more US steel than any other country, It accounts for 50% of US exports
(This story was not published by staff of Business Standard and is generated automatically from a syndicated feed.)
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