Canada Strikes Back, Announces Billions in Retaliatory Tariffs

(From Reuters)

Canada struck back at the Trump administration over U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.

The announcement by Foreign Minister Chrystia Freeland marks a new low in ties between the neighbors and trading partners which have become increasingly strained since U.S. President Donald Trump took power in January 2017.

The Canadian tariffs will come into effect on July 1 and largely target U.S. steel and aluminum products, but also foodstuffs such as coffee, ketchup and whiskies, according to a list by the Department of Finance. tinyurl.com/y8w5g895

“We will not escalate and we will not back down,” Freeland told reporters at a Stelco Holdings Inc plant in the Ontario steel city of Hamilton.

Officials say the measures are designed in part to pressure Trump by focusing on goods from states where his political allies hold sway.

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