Canada has decided to impose retaliatory tariffs on American goods in response to US President Donald Trump’s move to restore a 10 per cent tariff on Canadian aluminium imports.
“In response to the American tariffs announced today, Canada will impose countermeasures that will include dollar-for-dollar retaliatory tariffs,” Xinhua news agency quoted Prime Minister Justin Trudeau as saying on Thursday evening.
“We will always stand up for our aluminium workers. We did so in 2018 and we will stand up for them again now.”
Speaking at a factory in Ohio on Thursday, Trump said that the 10 per cent tariff will affect non-alloyed unwrought aluminium articles.
It will take effect on August 16.
Responding to the announcement, Canadian Deputy Prime Minister Chrystia Freeland said Canada “intends to swiftly impose dollar-for-dollar countermeasures”, reports CBC News.
“Canadian aluminium does not undermine US national security. Canadian aluminium strengthens US national security and has done so for decades through unparalleled co-operation between our two countries,” she said.
The US slapped import tariffs on Canadian steel and aluminium in 2018, before removing them last year as part of a broad free trade deal now in force.
Canada retaliated that time with $16.6 billion in tariffs on US products, including ketchup, ballpoint pens, licorice, orange juice, whiskey and toilet paper.
Trudeau and Freeland didn’t specify what US goods will be subject to countermeasures, nor whether the government will follow a similar strategy of targeting goods produced in Republican districts.
The Canadian government has decided to impose tariffs worth C$3.6 billion($2 billion) on American products as a countermeasure against US President Donald Trump’s move to reimpose a 10 per cent tariff on Canadian aluminium imports.
Addressing reporters in Ottawa on Friday, Deputy Prime Minister Chrystia Freeland said that the countermeasure tariffs will take effect in 30 days after the government will spend a month in consultations with Canadians about which US metals products to target with the retaliatory tariffs, reports Xinhua news agency.
“Canada will respond swiftly and strongly,” she added.
On Thursday, Trump announced his decision to reimpose the new tariff from August 16, citing national security concerns as the basis for slapping Canada with the tariff.
In response to his claim, Freeland told the reporters on Friday that it was “a ludicrous notion”.
She said the US chose to spark a new trade conflict by slapping the news tariffs.
“It will only hurt an economic recovery on both sides of the border.”
Freeland added that the Trump government is “the most protectionist administration in US history”.
The development comes after Canadian Prime Minister Justin Trudeau on Thursday night vowed to take countermeasures following Trump’s announcement.
“We will always stand up for our aluminium workers. We did so in 2018 and we will stand up for them again now.”
The US had slapped import tariffs on Canadian steel and aluminium in 2018, before removing them last year as part of a broad free trade deal now in force.
Canada retaliated that time with $16.6 billion in tariffs on US products, including ketchup, ballpoint pens, licorice, orange juice, whiskey and toilet paper.
