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Canada to impose tariffs on $2.7 billion in U.S. goods after Trump reignites trade feud

2020-08-08 09:00:34       source:CNBC

August 8, 2020


Canada said Friday it will slap retaliatory tariffs on $2.7 billion worth of U.S. goods, the latest development in a new trade feud sparked by President Donald Trump’s decision to reimpose aluminum duties on the U.S. ally.


“Canada will respond swiftly and strongly,” Canadian Deputy Prime Minister Chrystia Freeland said at a news conference.


“We will impose dollar-for-dollar countermeasures in a balanced and perfectly reciprocal retaliation,” she said. “We will not escalate and we will not back down.”


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https://www.cnbc.com/2020/08/07/canada-to-impose-tariffs-on-2point7-billion-in-us-goods-after-trump-reignites-trade-feud.html