Canada hits the United States with tariffs on metals, bourbon and orange juice – The New Indian Express



[ad_1]

AFP

OTTAWA: Canada responds to the United States on Friday with retaliatory tariffs on US summer products such as Florida orange juice, ketchup and bourbon bourbon. Kentucky in its trade war with President Donald As temperatures and tensions rise, measures targeting C $ 16.6 billion (US $ 12.6 billion) of steel, aluminum and American consumer goods come into effect on Sunday, as Canadians celebrate a national holiday. in the middle of a heat wave expected in both countries.

The tit-a-tat rights are a response to US sanctions on steel and aluminum prices imposed in early June. Ottawa also announced $ 2 billion ($ 1.5 billion) in badistance to the two sectors and its 33,500 workers.

"Canada has no choice but to respond with a measured reciprocal monetary response," said Foreign Minister Chrystia Freeland. , making the announcement at a steel plant in 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 has taken since the Second World War. But she said the move was done with "regret" and "a lot of grief, no anger" against a close ally.

List of Over 250 US Products Subject to Canadian Rights – Including Florida Juice, Wisconsin Paper or pickles from North Carolina, which require a lot of work, are intended to put pressure on the main proponents of Trump during the US mid-term elections of November

they will add 25% to the cost of US steel and 10%

NAFTA's Trading Strategy
The Canada and Mexico were initially exempt from US metal rights – as did the European Union – but Trump allowed the rights to come into effect on June 1. North American Free Trade Agreement of 1994 (NAFTA)

After the EU unveiled similar retaliatory tariffs, the US trade Robert Lighthizer criticized this unfounded and illegal measure.

"These retaliatory tariffs underline He said in a statement and" do a lot of damage to the multilateral trading system. "

Business executives warned lawmakers this week that climbing in a total trade war is devastating to the Canadian economy, which sends about 75% of its exports to the US

If Trump intensifies its attacks on the Canadian economy and imposes a tariff of 25% on automobiles, this will lead to "carmageddon," Flavio Volpe, president of the Automobile Parts Manufacturers Association, said at a hearing before a House of Commons committee Tuesday

Canadians are mostly in favor of retaliation

Canada Prime Minister Justin Trudeau. | Reuters

In Ottawa, officials and others have refused an invitation to the annual holiday party. # 39; Ambbadador of the United States on July 4th.

"I politely declined because I'm not happy with the direction of the US government." Canadian patriotism, meanwhile, has flourished under hashtags like #BoycottUSA, #BuyCanadian and #VacationCanada that urge not to buy US goods and travel packages.

Canada and the United States are among the world's two largest trading partners with trade in goods and services estimated at $ 673.9 billion in 2017, with the United States registering a small surplus ($ 8.4 billion), according to

The United States is also the top destination for Canadian vacationers, who made 42 million trips to the United States. United in 2017.

But relations between these two neighbors plunged Trump abruptly rejected the joint statement and insulted Canadian Prime Minister Justin Trudeau.

On the trail of the campaign this week Trump continued its attacks on Canadian dairy products, wheat and wheat. Last week, US Secretary of Commerce, Wilbur Ross, defended the Trump administration's tariffs in Congress, while admitting that the Canadian steel industry was "". Freeland took note, saying that it was "obvious".

She also reiterated that Trump's decision to invoke national security to justify US tariffs on steel and aluminum imports were "insulting" to Canadian veterans who had supported their American allies in conflicts dating back to the First World War.

Canadian steel is used in American tanks, The United States has a trade surplus of $ 2 billion on steel products and Canada buys more US steel than any other country, which represents 50% of US exports, said Mr. Freeland.

[ad_2]
Source link