Canada imposes retaliatory tariffs on $12.5B of USA goods

03 Julio, 2018, 03:25 | Author: Kelly Blake
  • U.S. President Donald Trump approaches Canada's Prime Minister Justin Trudeau as he arrives at the G7 Summit in Charlevoix Quebec Canada

According to the European Union, auto companies from the bloc operate in the U.S. and export about 60pc of their United States production to other countries, improving the USA trade balance and providing 120,000 direct and 420,000 indirect jobs.

The Chamber, which has 3 million members, historically has worked closely with Republican presidents and had praised Trump for signing corporate tax cuts in December.

The list of $16.6 billion worth of tariffs on US goods includes a 25 per cent surtax on more than 100 steel and aluminum products and at 10 per cent surtax on more than 70 other goods, including chocolate, pizza and maple syrup, to name a few.

Asked at a briefing about the Chamber's report, White House spokeswoman Sarah Sanders told reporters: "The president is focused on helping protect American workers and American industries and create a fair playing field". Mexico is adding duties to pork imports. For example, one campaign says SC will have $3 billion worth of exports targeted by retaliatory tariffs.

Some have already launched retaliatory measures and filed legal challenges with the World Trade Organization.

The president has suggested he may pursue separate trade pacts with Canada and Mexico instead of continuing with a three-country deal. That same state, which flipped for Trump in 2016, is also expected to lose $624 million in soybean sales after China issued sweeping tariffs in response to Trump.

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At the time Trudeau said it was necessary to hold the United States accountable for its actions.

Trump initially granted Canada, EU members and other nations exemptions on the metal tariffs - 25 per cent on steel and 10 per cent on aluminum.

In the meantime, China has promised that the second wave of tariffs are on the way while Donald Trump has promised to increase his efforts against automobile manufacturers who he believes are taking advantage of the North American Free Trade Agreement.

Some US products, mostly steel and iron, face 25 per cent tariffs, the same penalty the United States slapped on imported steel in May. Trump slammed the company's move, saying it was tantamount to surrender, and threatened punitive taxes.

The Chamber based its state-by-state analysis on data from the U.S. Department of Commerce and government agencies in China, the EU, Mexico, and Canada.


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