Published: Wed, July 04, 2018
Business | By Eloise Houston

Canada Hits US With $12.6 Billion In Retaliatory Tariffs

Canada Hits US With $12.6 Billion In Retaliatory Tariffs

The group's analysis of the harm each US state could suffer from retaliation by USA trading partners painted a gloomy picture that could bring pressure on the White House from Republicans ahead of congressional elections in November.

Trudeau and U.S. President Donald Trump spoke late Friday to discuss trade and other economic issues, the White House said Saturday.

The Trump administration has also sought for months to renegotiate the North American Free Trade Agreement (NAFTA) with Canada and Mexico, though Trump said in a Fox News interview that aired on Sunday that he will not sign a new deal until after the November elections.

As President Trump continues to place tariffs on steel and aluminum imports, the Canadian Department of Finance is retaliating with tariffs that will reportedly effect $12.6 billion worth of US exports.

Trump himself has already threatened to go even further by putting tariffs on the auto sector, which could prove far more damaging for the Canadian economy than the steel and aluminum duties.

The Chamber based its state-by-state analysis on data from the U.S. Department of Commerce and government agencies in China, the EU, Mexico, and Canada.

That tariff fight will form a rather tense backdrop for the effort to reach a NAFTA deal, which Foreign Affairs Minister Chrystia Freeland has said she expects to ramp up soon, following several conversations last week with U.S. Trade Representative Robert Lighthizer.

Premier Sandy Silver and Mayor Wayne Potoroka were there as Larry Bagnell, Yukon's Member of Parliament, gave Trudeau a rousing introduction as "the first prime minister in decades who has been outside Ottawa on Canada day".

"We've been very nice to Canada for many years and they've taken advantage of that, particularly advantage of our farmers", she said. "That's what we do and I'm glad to do it", said Trudeau.

"We're going to take down all our barriers, we're going to take down all our taxes, right".

"I think we'll get through this".

Meantime, revellers on Parliament Hill who braved scorching temperatures to take in the festivities in Ottawa also expressed support for Trudeau's hard line against Trump on trade. Do you know what happened?

Canadian Prime Minister Justin Trudeau's said they had no other choice but to retaliate and urged Canadians to "make their choices accordingly" when deciding to buy American goods.

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