In a strong response to US tariffs on steel and aluminum, Canada announced retaliatory tariffs on nearly $30 billion worth of American goods, implementing a 25% tariff on a range of products, including steel, electronics, and sports equipment. This move follows similar tariffs imposed by the EU, escalating a global trade dispute initiated by President Trump's earlier actions. Canadian officials expressed their determination not to succumb to economic coercion, while leaders from both Canada and the EU expressed regret over the tariffs' potential impacts on domestic businesses and the global economy.
Donald Trump first announced the tariff on all steel and aluminum imports in February and scheduled them to go into effect on Wednesday.
Canada's announcement comes after the EU announced its own tariffs on American imports, including products such as motorcycles and whiskey, totaling $28bn.
The only constant in this unjustified and unjustifiable trade war seems to be President Trump's talks of annexing our country's through economic coercion.
Collection
[
|
...
]