Canada Imposes Major New Tariffs on American Goods

Ivan Schwartz
July 4, 2018

The tariffs include 25 percent on more than 40 US steel products and 10 percent on about 80 other American products.

He said he could quickly sign an agreement with Mexico and Canada, "but I'm not happy with it".

"I have made it very clear to the president that it is not something we relish doing but it is something that we absolutely will do", he said in June.

The Canadian government says the countermeasures will remain in place until the USA eliminates its trade-restrictive measures against Canadian steel and aluminium products.

Trudeau on Sunday spoke in Leamington, Ontario, where he thanked Canadians for standing united against President Donald Trump's sanctions.

NDP Leader Jagmeet Singh said he didn't know if anyone should be surprised that Trump made a comment of that nature.

USA tariffs on auto imports would be a major blow to Canada's economy because of the importance of the auto industry plays in the country. "We can't allow those types of comments to throw us off our priorities", Singh said.

Canada, a member of the North American Free Trade Agreement (NAFTA) with the United States and Mexico, on July 1 imposed retaliatory measures on C$16.6 billion ($12.63 billion) of American goods, including coffee, ketchup and whiskey.

Earlier Wednesday, that there will be "big news coming soon" for American autoworkers.

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Today is the first day that Canada's retaliatory tariffs against United States steel, aluminum and other products went into effect.

For example, almost $4 billion worth of exports from Texas could be targeted by retaliatory tariffs, the Chamber said, including $321 million in meat the state sends to Mexico each year and $494 million in grain sorghum it exports to China.

Rules on autos have been one of the most divisive topics in NAFTA negotiations.

Foreign Affairs Minister Chrystia Freeland has said she spoke with U.S. Trade Representative Robert Lighthizer six times last week and that she expects NAFTA talks to move into a higher gear this summer. She called the tariffs regrettable.

"It's never done until the whole thing is done, but we have been making steady, consistent progress on rules of origin on cars", she said.

Canada's surtaxes will only apply to goods that originate in the USA, in accordance with the NAFTA marking rules. Ambrose said at the time that this portion has "always been the sweet spot" for Trump.

Other countries have also slapped retaliatory tariffs on the United States, with the European Union adding taxes on motorcycles, bourbon, and orange juice.

The Chamber, which says it represents the interests of three million companies, had praised Trump for slashing business taxes in December, but mounting trade tensions have opened a rift with the White House.

Other reports by GizPress

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