Canada will impose duties on the United States for $ 107.4 billion
Canada will introduce retaliatory duties on 155 billion Canadian dollars ($ 107.4 billion) against the United States if the United States introduces duties on Canadian goods from March 4, Canadian Foreign Minister Melanie Jolie said.
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📝 Summary
Canada will introduce retaliatory duties on 155 billion Canadian dollars ($ 107.4 billion) against the United States if the United States introduces duties on Canadian goods from March 4, Canadian Foreign Minister Melanie Jolie said.
U.S. tariffs threaten Canada’s existence, but Ottawa is prepared to counter that threat, Jolie said. “If the United States starts a trade war, Canada is ready for it,” the Canadian foreign minister said. Canada is heavily dependent on the U.S. economy, and U.S. tariffs will lead to the loss of hundreds of thousands of jobs in Canada, U.S. President Donald Trump said on Thursday that he will impose duties of 25% on goods from Canada and Mexico from March 4, and will raise duties on goods from China from 10% to 20%. Under the duties will fall goods worth $ 1.5 trillion in annual terms. Tariffs of 25% do not apply to Canadian energy, the duty on them will be 10%.
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