Canada to impose $3.6B in tariffs in response to Trump's move against Canadian aluminum - News Summed Up

Canada to impose $3.6B in tariffs in response to Trump's move against Canadian aluminum


That 2019 pact lifted across-the-board tariffs from the U.S. on Canadian steel and aluminum products, while setting limits on what products can be targeted in the event of a future dispute. Canadian products being targeted by the U.S. are used as raw materials in other aluminum-based goods. They comprise slightly more than half of Canadian aluminum exports to the U.S. over the past year. She called the tariffs "unnecessary, unwarranted and entirely unacceptable," and said "a trade dispute is the last thing anyone needs" during an economic crisis. One Canada-U.S. trade insider said Canadian trade officials are usually quite tactical in trade disputes with the U.S., picking targets that cause political pain.


Source: CBC News August 07, 2020 12:55 UTC



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