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Canada Ponders New Tariffs on U.S. Goods
Canada may expand its list of U.S. goods subject to retaliatory tariffs that followed U.S. taxes on imported Canadian aluminum and steel.
#economics #aluminum
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Canada may expand its list of U.S. goods subject to retaliatory tariffs that followed U.S. taxes on imported Canadian aluminum and steel.
Trade officials have declined to specify exactly what items might be added, but initial reports don’t mention automotive-related goods, Reuters reports.
Last May Canada imposed tariffs on about $13 billion worth of U.S. items such as orange juice, whiskey and toilet paper. The levies were in response to the Trump administration’s tariffs of 25% on foreign steel and 10% on imported aluminum, which were justified as necessary for national security.
Reports says Canada may add other U.S. agricultural and food items, along with ethanol and wine.
Canada has chafed at the U.S. metals tariffs, which were imposed in spite of the still-active no-tariff North American Free Trade Agreement.
Canadian trade leaders have repeatedly said their country has little incentive to ratify the updated NAFTA agreement signed in December by Canada, Mexico and the U.S. until the steel and aluminum taxes are lifted.
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