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Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods

Canada will announce $20.7 billion in retaliatory tariffs against the U.S. Due to the 25% steel and aluminum tariffs imposed by President Donald Trump, according to a senior Canadian government official.
The European Union responded with retaliatory trade actions, including new duties on U.S. Industrial and farm products.
President Trump stated that the import taxes will help strengthen the economy long-term and suggested they will not lead to a recession.
Canada is the largest foreign supplier of steel and aluminum to the U.S.

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cpac.ca

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