Canada’s 10-25% Tariffs On $12.6b Worth Of U.S. Goods Take Effect - FbiCables Network | The News that Shapes World Opinion

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Monday, July 02, 2018

Canada’s 10-25% Tariffs On $12.6b Worth Of U.S. Goods Take Effect


FILE – In this June 8, 2018 file photo, U.S. President Donald Trump meets with Canadian Prime Minister Justin Trudeau at the G-7 summit in Charlevoix, Canada. (AP Photo/Evan Vucci, File)
Canada’s retaliatory tariffs against U.S. products are now in effect.
The Canadian tariffs are said to affect some $12.6 billion worth of U.S. goods including steel, whiskey and toilet paper.
The duties are 25 percent on U.S. steel and 10 percent on other affected products.
Prime Minister Justin Trudeau said the move comes in response to President Trump’s global tariffs on industrial metals.
Economists have warned of higher costs of doing business across the U.S.-Canadian border, which could spur inflation in both countries.
Opinion polls have suggested the retaliatory tariffs are popular in Canada, despite a rise in consumer prices.
The tariffs come as Trudeau’s cabinet embarks on an aggressive anti-Trump campaign.

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