As of Tuesday, when the U.S. tariffs take effect, Canada will impose 25% duties
on about $21 billion of American goods with a further $86 billion to follow within 21 days to allow Canadian companies and supply chains to find alternatives, Trudeau told reporters at a news conference on Parliament Hill in Ottawa, surrounded by his foreign affairs, finance and public safety ministers.
He said the Canadian tariffs on U.S. imports will cover a “far-reaching” range of products, including American beer, wine, bourbon, fruits and fruit juices, vegetables, clothing, shoes, household appliances, furniture, sports equipment, lumber, plastics, “along with much, much more.”
In Trump’s executive order issued on Saturday, Canadian energy resources will face a lower 10% tariff.
This is an excerpt from an article written by FOX Business’ Christopher Guly.
Read the full article here
