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“The last thing that Canadians and Americans need now in the middle of this pandemic is a trade war,” Deputy Prime Minister and Finance Minister Chrystia Freeland told a press conference following the U.S. announcement on Tuesday, Sept. 15, 2020. “This is really a day when common sense has prevailed.” (Sean Kilpatrick/The Canadian Press)
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Economy, International, Politics

Canada to impose $3.6B in tariffs on U.S. goods in ‘reciprocal retaliation’

Ottawa will impose “dollar-for-dollar” tariffs on U.S. goods in retaliation for President Donald Trump’s decision to slap a 10-per-cent tariff on aluminum imports from Canada, Deputy Prime Minister Chrystia Freeland said Friday. Speaking to reporters during a teleconference call from »

Economy, International, Politics

U.S. slaps 10% tariff on aluminum imports from Canada

President Donald Trump says his administration is reimposing a 10 per cent tariff on imports of Canadian aluminum into the United States that is set to come into effect immediately. Trump made the announcement of an executive order imposing the »

Economy, International, Politics

Trudeau ‘concerned’ with U.S. threat of tariffs on Canadian aluminum and steel

Prime Minister Justin Trudeau said Wednesday he is concerned about reports that Washington is considering reimposing tariffs not only on Canadian aluminum but also possibly steel just as Canada, the United States and Mexico are celebrating the launch of a »

Economy, International

Canada lift tariffs on targeted U.S. products

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 »

Economy, International

U.S. lifts tariffs on Canadian steel and aluminum

The United States has agreed to remove punitive tariffs on Canadian steel and aluminum imports. This removes a major obstacle in efforts to ratify the new North American trade agreement between the two countries and Mexico. The U.S. had imposed »

Economy, International, Politics

Newsprint tariff imposed by U.S. on Canada killed

The U.S. International Trade Commission has overturned duties that were imposed on Canadian newsprint saying that U.S. producers were not harmed by Canadian imports. The tariffs would have threatened the survival of five Canadian pulp mills and severely hurt the »

Economy, International, Politics

Canada to join Mexico, Japan, South Korea and the EU in auto tariff talks

Officials from Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva on Tuesday to discuss a unified response to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of a quarter-trillion dollars worth »

Economy, International, Politics

Ottawa to unveil retaliatory tariffs list in Hamilton on Friday

After waiting for more than a month, hoping in vain that the White House will relent on its tariffs on Canadian steel and aluminum, the federal government is set to announce Canada’s final list of retaliatory measures on Friday. Foreign »

Economy, International

U.S./China tariff dispute could lead to world economic slowdown

The financial world is waiting and watching the escalating tariff dispute between China and the United States amid fears an all-out trade war would hurt economies around the world. Together, China and the U.S. represent about half the world economy. »