Home Headlines World Canada to impose ‘dollar-for-dollar’ retaliatory tariffs on US items - world information

Canada to impose ‘dollar-for-dollar’ retaliatory tariffs on US items – world information


Canadian Prime Minister Justin Trudeau has asserted his authorities will implement “dollar-for-dollar” retaliatory measures after US president Donald Trump introduced new tariffs on imports of Canadian aluminum.

Canada and the US have had bitter exchanges over tariffs imposed by the latter on metal and aluminum however most points appeared to have been resolved with the brand new United States Mexico Canada regional free commerce deal to exchange the older NAFTA coming into existence this yr.

Nevertheless, Trump used the stage of an election rally in Ohio to announce that Washington will impose a 10% tariff on Canadian aluminum to which Trdeau replied in a tweet saying, “In response to the American tariffs introduced in the present day, Canada will impose countermeasures that can embody dollar-for-dollar retaliatory tariffs.”

The Candian prime minister didn’t specify what form and which sectors the countermeasures will affect. However his stand was mirrored by that of deputy prime minister Chrystia Freeland, who made the identical level in a press release launched by her workplace.

“”Canadian aluminum doesn’t undermine US nationwide safety. Canadian aluminum strengthens US nationwide safety and has completed so for many years by unparalleled co-operation between our two nations,” she added

The tariff struggle between the neighbouring nations comes as a repeat of occasions of 2018 when Canada had retaliated by imposing $ 16.6 billion value of tariffs on American merchandise getting into the nation.

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