Canada plans $3.6 billion in retaliatory tariffs on U.S. in aluminum dispute
Posted Aug 7, 2020 9:57 am.
Last Updated Aug 7, 2020 11:22 am.
OTTAWA – Deputy Prime Minister Chrystia Freeland says Canada will hit back against U.S. tariffs on Canadian aluminum with $3.6 billion in tariffs of our own.
Freeland said the tariffs will match dollar-for-dollar the costs of the planned 10 per cent import tariff on Canadian raw aluminum that will apply starting Aug. 16.
President Donald Trump accuses Canada of breaking a promise not to flood the U.S. market with aluminum, an accusation Canada and its aluminum producers said is completely false.
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Freeland said Ottawa has a long list of U.S. products containing aluminum to possibly target for the retaliation, including washing machines, golf clubs and exercise equipment.
She said the government will spend the next 30 days consulting with the domestic industry to determine which items on the list will end up being targeted.
Freeland said the goal is to inflict the least damage on Canada while having the “strongest possible impact” on the United States.
