Analysts say the Canadian package is broader in scope than the U.S. measures it answers
WASHINGTON, D.C. — Unless Washington and Ottawa change course, Canada’s retaliatory tariffs on more than 700 U.S. products entering Canada — covering CA$27.6 billion in annual imports — are scheduled to take effect Tuesday.
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The duties, ranging from 15 to 50 per cent, come as U.S. Trade Representative Jamieson Greer said this week that “there are no negotiations happening on trade right now.” A source close to the Canadian side said on Friday that no talks were underway.
The Canadian duties would cover a broad range of vehicle-related goods, including a 25 per cent tariff on trailers and semi-trailers, as well as higher duties on steel, aluminum and industrial inputs used in automotive and equipment manufacturing. The U.S. measures raise costs for Canadian goods entering the United States; Canada’s retaliation does the same for selected U.S. goods entering Canada.
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Analysts say the Canadian package is broader in scope than the U.S. measures it answers.
