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Canada announces billions in retaliatory tariffs against US

World Desk : Canada announced billions of dollars in retaliatory tariffs against the US on Friday in a tit-for-tat response to the Trump administration’s duties on Canadian steel and aluminum.

Prime Minister Justin Trudeau’s government released the final list of items that will be targeted beginning July 1. Some items will be subject to taxes of 10 or 25 percent.

Trudeau and US President Donald Trump spoke late Friday.

“As he has said in past conversations and in public, the Prime Minister conveyed that Canada has had no choice but to announce reciprocal countermeasures to the steel and aluminum tariffs that the United States imposed on June 1, 2018,” Trudeau’s office said in a statement.

“The two leaders agreed to stay in close touch on a way forward.”

It may have been their first direct conversation since Trump tweeted that Trudeau was “weak” and “dishonest” after leaving the G-7 meetings in Quebec earlier this month.

The taxes on items including ketchup, lawn mowers and motor boats amount to $12.6 billion.

The US Department of Commerce is holding hearings on auto tariffs in late July and will subsequently release an investigative report about whether they threaten national security.

The Canadian government also announced $1.5 billion in subsidies for Canada’s steel and aluminum industries.   AP

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