Daily Management Review

Canada to 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 the decision of US President Donald Trump to refund 10% duties on Canadian aluminum.

Canada's Deputy Prime Minister Chrystia Freeland said that the country will impose a 10% tariff on US goods worth C$ 3.6 billion ($ 2.71 billion).

Thus, the US and Canada are returning to a trade dispute just over a month after the signing of a new trade agreement between the North American countries, designed to reduce trade barriers between the United States, Mexico and Canada.

"We do not want escalation, but we will not back down," Freeland said during an online press conference on Friday.

She said that over the next 30 days, the Canadian government will consult with industry and regional governments to approve the list of American goods, after which the duties will be introduced.

Trump said that the United States will impose duties on Canadian aluminum from August 16. The Trump administration lifted 10% duties on Canadian aluminum over a year ago.

Canada is the fourth largest aluminum producer in the world.

source: cnn.com