Canada will announce C$29.8 billion in retaliatory tariffs on the United States on Wednesday in response to the U.S. President Donald Trump’s steel and aluminum tariffs.
Recall that Trump’s increased tariffs on all US steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favour of the United States and drawing swift retaliation from Europe.
The European Union announced it would be implementing counter tariffs on 28 billion dollars worth of goods starting on April 1.
Canada is said to be the biggest foreign supplier of steel and aluminum to the United States.
The escalation of the US-Canada trade war occurred as Prime Minister Justin Trudeau prepared to hand over power this week to his successor Mark Carney, who won the leadership race of the ruling Liberals on Sunday.
Carney on Monday said that he could not speak with Trump until he was sworn in as prime minister.
Canada to announce retaliatory tariffs on US
