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Canada Announces Major Retaliatory Measures Against the US– www.westernjournal.com

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Canada Announces Major Retaliatory Measures Against the US– www.westernjournal.com
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EXCERPT:

Canada escalated its brewing trade conflict with the United States on Tuesday by issuing retaliatory tariffs that match America dollar for dollar, while also raising rates on steel products.

Minister of National Revenue of Canada François-Philippe Champagne announced the tariffs, saying, “Canada must respond, and today we are, in a proportionate, targeted, and strategic way. Today I’m announcing that Canada will match the United States’ tariffs, dollar for dollar, rate for rate.”

“Effective Sept. 8, Canada will impose counter-tariffs of up to 15, 25, or 50 percent on $27.6 billion in imports from the United States of America,” he added.

Canada’s Department of Finance said on its website that the tariffs will “focus on sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.”

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