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Retaliatory Tariffs

All articles tagged with #retaliatory tariffs

world1 month ago•1 min saved

US Enacts Broad Ban on Canadian Goods Amid Escalating Tariff Clash

The United States issued executive orders banning imports from Canada—including alcohol, dairy and motor vehicles—beginning Sept. 29 in retaliation for Canadian tariffs on U.S. goods; Canada answered with reciprocal duties after the White House previously imposed 50% tariffs on about $20 billion of Canadian goods, and with talks stalled since late August both sides say they want a deal. The dispute has widened tensions beyond tariffs, even touching a lighthearted clash over renaming Lake Ontario to Lake America.

via BBC|

#import-ban #retaliatory-tariffs #tariffs

business1 month ago•5 min saved

Canada retaliates with up to 50% tariffs on US goods in dollar-for-dollar move

Canada announced dollar-for-dollar counter-tariffs on the US of up to 50% on about C$28 billion ($20 billion) of American goods, to take effect Sept. 8, in response to US levies on Canadian imports. The list targets items from steel and aluminum to furniture, clothing and appliances, aiming to mirror Canadian exposures; Ottawa will also provide roughly C$7.5 billion in aid to workers and firms affected. The move follows failed trade talks and underscores ongoing tensions that could complicate the broader USMCA relationship and supply chains.

via BBC|

#business #canada-us-trade #retaliatory-tariffs

world1 year ago•2 min saved

Canada to Remove Most Retaliatory Tariffs on U.S. Goods

Canada plans to remove some retaliatory tariffs on US goods, excluding autos, steel, and aluminium, to re-establish free trade and facilitate negotiations, following a phone call between Prime Minister Carney and President Trump.

via BBC|

#canada #retaliatory-tariffs #trade-negotiations