Deputy Key Minister Chrystia Freeland is holding a news meeting right now to react to Donald Trump’s decision to impose tariffs on Canadian aluminum imports.
The occasion is scheduled to begin at 11 a.m. ET in Toronto, and CBCNews.ca will have it live.
Just hrs following the U.S. president declared the measures in the course of a campaign speech in Ohio on Thursday, Freeland and Prime Minister Justin Trudeau issued a statement indicating Canada intends to “quickly” impose retaliatory actions on U.S. goods. The countermeasures will be “dollar-for-dollar,” the assertion mentioned.
Trump cited nationwide protection concerns as the basis for slapping Canada with the tariffs — a assert flatly rejected by Freeland.
“Canadian aluminum does not undermine U.S. nationwide safety. Canadian aluminum strengthens U.S. countrywide protection and has performed so for decades by unparalleled co-procedure involving our two countries,” she said in a statement.
It’s not the very first time Trump has imposed tariffs on Canada. In 2018, the U.S. brought in tariffs on Canadian imports, imposing a 25 for every cent obligation on metal and a 10 for each cent obligation on aluminum.
At the time, Canada had retaliated with $16.6 billion in tariffs on U.S. products and solutions, such as ketchup, ballpoint pens, licorice, orange juice, whisky and rest room paper. Canada concentrated on products that would cause pain in electoral districts held by vital Republicans, anything that could be accomplished all over again offered the U.S. election is only three months away.
The U.S. later eradicated them as element of the renewed North American free of charge trade offer.
The new U.S. tariff is scheduled to be in result as of Aug. 16.