Canada Will Impose 10% Duties On US Products Containing Aluminum
Canada intends to impose duties on imports of a wide range of American products containing aluminum-from washing machines and Golf clubs to aluminum cans-in response to US President Donald trump's decision to return 10% duties on Canadian aluminum.
Canada's Deputy Prime Minister, Chrystia Freeland, said on Friday that the country would impose 10% duties on American goods worth 3.6 billion Canadian dollars ($2.71 billion).
Thus, the US and Canada are returning to the trade dispute a little more than a month after the signing of a new trade agreement between North American countries, designed to reduce trade barriers between the States, Mexico, and Canada.
"We don't want an escalation, but we will not back down," Freeland said during an online news conference on Friday.
She said that in the next 30 days, the government of Canada would consult with industry representatives and regional governments to approve the list of American products, after which the duties will be put into effect.
Trump announced yesterday that the US would impose duties on Canadian aluminum from August 16. The Trump administration lifted 10% duties on Canadian aluminum more than a year ago.
Canada is the fourth largest aluminum producer in the world.