Canada Ramps Up Retaliation Against U.S. Over Aluminum Tariff
By Paul Vieira
OTTAWA -- Canada said on Friday it intends to slap its own
tariffs on a range of U.S. products that contain aluminum --
ranging from washing machines to golf clubs to canned beverages --
in retaliation to President Trump's latest move to aggravate one of
the world's largest trading relationships.
The decision by Canada marks a return to trade rhetoric between
the two trading partners after successfully concluding and
implementing the U.S.-Mexico-Canada agreement, which came into
force last month.
On Thursday, Mr. Trump said the U.S. would reimpose tariffs on
some aluminum produced in Canada, arguing imports from America's
northern neighbor were surging into the U.S., and depressing the
U.S. industry. The administration justified the tariffs, which will
be set at 10%, using a national-security provision and argued that
a depressed U.S. aluminum industry threatens U.S. national
Canada signaled hours after Mr. Trump's announcement that it
planned to retaliate. The country's deputy prime minister, Chrystia
Freeland, unveiled Friday a list of U.S.-made items it intends to
target, which she estimated represented a total value of 3.6
billion Canadian dollars (US$2.71 billion) of goods.
"We don't want to escalate, but we won't back down," Ms.
Freeland told reporters in a teleconference. Products targeted
contain aluminum, and include items such as bars of the metal and
consumer goods like washers, refrigerators and golf clubs.
The tariffs will be imposed in 30 days after Canadian officials
consult with industry and regional governments. The U.S. tariffs
are scheduled to take effect on Aug. 16, Ms. Freeland said.
Mr. Trump said during a speech at a Whirlpool factory in Clyde,
Ohio, Thursday the tariffs were necessary because "Canada was
taking advantage of us, as usual."
Ms. Freeland warned the tariffs threatened to cause the most
harm to U.S. consumers.
Canada is the fourth-largest aluminum producer in the world.
Most of the aluminum industry opposes the tariffs on allies like
Canada, and says that China is behind problematic trade practices
in the aluminum industry.
Write to Paul Vieira at email@example.com
(END) Dow Jones Newswires
August 07, 2020 12:43 ET (16:43 GMT)
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