Canada to announce retaliatory tariffs on U.S. products

We are expecting more details Friday on Canada’s retaliatory tariffs on American products.

This follows U.S. President Donald Trump’s announcement Thursday that he’s restoring an import tax on raw aluminum from Canada.

That tax will come into effect Aug. 16.

“The Aug. 6 announcement by the United States to impose tariffs on certain Canadian aluminum products, citing national security concerns, is unwarranted and unacceptable,” said Deputy Prime Minister Chrystia Freeland in a statement.

The Canadian government reacted to the news by promising dollar-for-dollar retaliatory tariffs.

In response to the American tariffs announced today, Canada will impose countermeasures that will include dollar-for-dollar retaliatory tariffs. We will always stand up for our aluminum workers. We did so in 2018 and we will stand up for them again now. https://t.co/gYH0ziOVM4

— Justin Trudeau (@JustinTrudeau) August 6, 2020

The Ontario government issued a statement says it’s “disappointed” in the decision to reinstate aluminum tariffs.

The U.S. imposed the same tariff between June 2018 and May 2019, along with a 25 per cent import tariff on Canadian steel.