Canada had imposed duties on U.S. bourbon and several other products in retaliation for U.S. tariffs on Canadian steel and aluminum. (Steve Helber/AP Photo/file)

Canada lift tariffs on targeted U.S. products

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Canada has removed duties on several products imported from the United States following the decision on May 17, 2019 that the U.S. would lift tariffs on Canadian steel and aluminum. Canada’s Finance Minister Bill Morneau issued a statement today saying the removal of tariffs was a “true win-win” for everyone.

It had been almost a year since the U.S. imposed the levies on Canadian steel and aluminum on national security grounds. Analysts ridiculed the very notion that the U.S. would consider is long-time ally Canada any manner of security threat. Yet the U.S. refused to reconsider.

Canada targeted its retaliation

Canada launched retaliatory tariffs on U.S. steel and aluminum and a host of other products designed to hit states which supported Republican politicians, in hopes of increasing pressure to lift the tariffs.

The extra import duties hit 75 products such as U.S. bourbon, playing cards, licorice, sleeping bags, toilet paper, soy sauce and ketchup.

The removal of tariffs on steel and aluminum will clear the way for Canada to approve the free trade agreement between it, the U.S. and Mexico. But there may still be obstacles. (Peter Power/The Canadian Press)

When the U.S. imposed the tariffs on steel and aluminum, Canada also refused to ratify the new free trade agreement between Canada, the U.S. and Mexico. Removal of the levies removes that obstacle, but the agreement may be stalled by Democratic representatives in the U.S. Congress.

Canada and the United States are said to trade more than $2 billion in goods and services daily.

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One comment on “Canada lift tariffs on targeted U.S. products
  1. Avatar Jose Padilla says:

    We do not know what the Democratic representatives in the U.S. Congress will do with the agreement between Canada, the United States and Mexico. But to oppose, I think is creating more problems than strengthening a solid relationship between these countries. The relationship between Canada and the United States has become warm and friendly, and over the years this relationship has been rewarding in many ways. We should all take into consideration certain events, such as that recounted in an ancient book concerning Jeroboam and Rehoboam.