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DOSSIER – In this June 8, 2018 file photo, President Donald Trump meets with Prime Minister of Canada, Justin Trudeau, at a welcoming ceremony at the G7 Summit in Charlevoix, Canada. Canada announced Friday, June 29, billions of dollars in retaliatory rights against the United States in response to the Trump administration 's obligations on steel and aluminum in Canada, affirming Friday that He would not back down. (Evan Vucci, File / Associated Press)
TORONTO – Canada on Friday announced billions of dollars in retaliation against the United States in a response to Trump's steel obligations. and aluminum in Canada. [19659006JunivershipofPrimeMinisterJustinTrudeaupublielistfinalofthecarticlesofthecarticlesfromJuly1stJulySomearticleswillbesubjectto10or25ptaxes
"We will not escalate and we will not retreat," said Canadian Foreign Minister Chrystia Freeland
Taxes on Items Including Ketchup, Lawn Mowers and Boats at $ 12.6 billion. a perfectly reciprocal action, "said Freeland. "It's a dollar for the dollar's answer."
Freeland stated that they had no other choice and called the rates unfortunate.
Many American products were chosen for their political rather than economic impact. For example, Canada imports only $ 3 million worth of yogurt annually from the United States and most of it comes from a Wisconsin plant, the home state of Speaker Paul Ryan. The product will now be hit with a 10 percent duty
Another product on the list is whiskey, which comes from Tennessee and Kentucky, the latest of which is the home state of Republican Senate leader Mitch McConnell . They said they were ready if US President Donald Trump intensified the trade war.
"It is absolutely imperative that common sense prevails," she said. "After saying that our approach since the beginning of the NAFTA negotiations was to hope for the best but to prepare for the worst."
Trump explained the tariffs for steel and aluminum saying that imported metals were threatening the national security of the United States. a justification that countries rarely use because it can be easily abused. It also threatens to impose another national security-based tariff on imported cars, trucks and auto parts. This threat could be a bargaining ploy to restart the talks on the North American Free Trade Agreement.
Freeland stated that there was no need to impose other US tariffs in response to Canada's actions. is essential to Canada's economy. Freeland stated that such rates would be "absurd" because the North American auto industry is highly integrated and parts manufactured in Canada are often sold to Canadians for automobiles manufactured in the United States. "Freeland said that an" intensive phase "of NAFTA renegotiations would resume soon after Sunday's elections in Mexico.
" I do not think we'll "We'll see any reaction from it. Trump administration.They are prepared for it, "said Dan Ujczo, a commercial law attorney in Columbus, Ohio. "Let's hope the Canadian retaliation is a drop of water compared to the retaliation we will see from China and elsewhere."
Ujczo doubts Trump announces auto rates because it would be a "line red for US »Congress" before mid-term elections "
The US Department of Commerce will hold auto rate hearings in late July and will then release an investigation report on the question of whether they threaten national security. is expected to get engaged until after the mid-term elections. They gave the president a long leash and will continue to do so. The car rates would upset that. The Canadian government also announced $ 1.5 billion in subsidies for Canada's steel and aluminum industries
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