Canada hits USA with retaliatory tariffs on metals, whiskey, maple syrup

30 Juin, 2018, 21:55 | Auteur: Auguste Feret
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She is also expected to reveal the details of the federal government's plan to support Canada's tariff-targeted steel and aluminum industries.

The source, who declined to be identified because of the sensitivity of the situation, said Freeland will announce the aid and reveal a list of us goods that Canada intends to subject to retaliatory tariffs. "A 25 percent tariff on automotive imports, which is just a tax on consumers, would increase the cost of every vehicle sold in the country".

Trump threatened last week to impose a 20 percent tariff on auto imports in an attempt to leverage European Union leaders to seek trade talks with the U.S.

Canada announced retaliatory tariffs against the United States on Friday in response to the Trump administration's duties on Canadian steel and aluminum.

"Our approach is that we will not escalate, but equally, we will not back down", Freeland said.

In comments filed with the US Commerce Department, GM said expansive tariffs could "lead to a smaller GM, a reduced presence at home and overseas for this iconic American company, and risk less not more US jobs".

Ms Freeland called the idea of auto tariffs "absolutely absurd".

Jim Watson, a Liberal Party politician serving as Ottawa's mayor since 2010, told reporters Thursday that he's boycotting the US ambassador's annual Independence Day party over the Trump administration's recent anti-Canadian sentiments.

Among the actions the chamber recommends are continuing to pursue the case through the World Trade Organization (WTO), trying to open new markets to Canadian goods beside the US and making concessions to the Americans on areas such as supply management in dairy. "I think all of us, at this point, fully anticipate there will be some moments of drama in the future". "Canada has no choice but to retaliate with a measured reciprocal dollar-for-dollar response".

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Today the Government of Canada announced that in direct, measured and proportional response to USA tariffs on Canadian steel and aluminum, reciprocal surtaxes on $16.6 billion of imports of steel, aluminum and other products from the United States will come into effect July 1, 2018.

"The prime minister and the government have been very diligent about meeting with groups that could be impacted by trade", he says, "reassuring them that in the event that there is a major impact, there will be either trade actions or other types of relief provided".

Our federal government is hoping Americans, particularly Republican politicians, won't be laughing when they realize their state will be hit hard by the tariffs that will increase the price of their products in the Canadian market.

Ottawa is also promising to boost funding for the provinces and territories to increase job and training programs. "It's largely balanced trade and so it's fair trade and it's free trade".

About 7.9 million of the 17.2 million vehicles sold in the US a year ago were imported, according to LMC.

"I'm exhausted, like a lot of other Canadians, of the constant chirping and attacks of the president, whether it's against the prime minister, against our steel workers, aluminum, cars, dairy products", Mr. Watson said.

Bains, the economic development minister, said the support is aimed at helping firms adjust to the hard circumstances while enabling them to continue to innovate along the way. Canada has already taken steps to address diversion and dumping into the Canadian market and will work with all affected stakeholders on next steps to protect our workers and companies.

Global Automakers, which represents auto giants like Honda, Subaru and Toyota, blasted the Trump administration's investigation, saying that the Commerce Department has not spelled out its theory for how imported cars and trucks "are relevant to USA national security".

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