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Canada announces billions in retaliatory tariffs against US

Canada has announced billions of dollars in retaliatory tariffs against the US in response to Trump administration’s duties on Canadian steel and aluminum. Prime Minister Justin Trudeau’s government released the final list of items yesterday that will be targeted from tomorrow.

Some items will be subject to taxes of 10 or 25 per cent. The taxes on items including ketchup, lawn mowers and motor boats amount to $12.6 billion. Canadian Foreign Minister Chrystia Freeland said this is a perfectly reciprocal action. She added that they are prepared if U.S. President Donald Trump escalates the trade war.

Source: AIR