Evie Fordham, DCNF
Canada enacted tariffs on $12.5 billion in U.S. exports including steel, aluminum and other products on Sunday as a response to U.S. tariffs on foreign steel and aluminum that were enacted on June 1.
Canada’s new tariffs include a 25 percent penalty on more than 40 U.S. steel products and 10 percent penalties on U.S. goods including maple syrup, coffee beans and strawberry jam, reported CNN.
The Canadian tariffs are “in direct, measured and proportional response to U.S. tariffs on Canadian steel and aluminum,” stated a government press release on June 29. Canada was the largest exporter of steel to the U.S. by value in 2017, reported CNN.
Canada enacted the tariffs “to defend and protect Canadian workers & [sic] businesses,” wrote Canadian Minister of Foreign Affairs Chrystia Freeland in a tweet on June 29.
Today, Canada announced the final list of reciprocal tariffs on $16.6 billion of imports from the US + up to $2 billion to defend and protect Canadian workers & businesses. #CdnPolihttps://t.co/yH33cDmlMD
— Chrystia Freeland (@cafreeland) June 29, 2018
The U.S. announced tariffs on steel and aluminum from the European Union, Canada and Mexico on May 31. U.S. Secretary of Commerce Wilbur Ross explained that the tariffs are in the interest of national security.
Follow Evie on Twitter @eviefordham.
Send tips to evie@dailycallernewsfoundation.org.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- Biden: Musk’s foreign ties are ‘worth being looked at’ after ‘joint acquisition’ of Twitter with ‘other countries’ - November 10, 2022
- With Republicans poised to take back the House, a key opportunity to reverse Dems’ insanity emerges - November 9, 2022
- Elon Musk offloads nearly $4 billion in Tesla stock as shares continue to tank - November 9, 2022
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
