'It is a dollar for dollar response': Canada strikes back at US

Conservative MP Maxime Bernier talks with media in Ottawa on Wednesday

It's all part of Ottawa's plan to strike back at the U.S.in response to hefty tariffs on steel and aluminum, 25 per cent and 10 per cent respectively, imposed last month by President Donald Trump.

Prime Minister Justin Trudeau's government released Friday the final list of items that Canada will target beginning July 1.

Foreign Affairs Minister Chrystia Freeland, Innovation Minister Navdeep Bains and Employment Minister Patty Hajdu are scheduled to unveil the countermeasures at the Stelco mill in Hamilton on Friday, while International Trade Minister François-Philippe Champagne will mirror the announcement at the Rio Tinto plant in Saguenay, Que.

If Trump steps up his attacks on Canada's economy and imposes a 25 percent tariff on automobiles as threatened, it would lead to "carmageddon", Flavio Volpe, president of the Automotive Parts Manufacturers Association, told a Commons committee hearing on Tuesday.

But at the end of May, Trump said that Canada and the European Union would be swept into the tariffs, setting off a series of tit-for-tat tariffs by close US trading partners. Canadian steel is used in American tanks, and Canadian aluminum in American planes.

At an event on Friday, he said his new tariffs were bringing "billions of dollars" to the US.

She is also expected to reveal the details of the federal government's plan to support Canada's tariff-targeted steel and aluminum industries.

In May, when the United States said it would not extend exemptions from the tariffs to Canada and Mexico, it said those talks were moving too slowly.

Alberta's NDP government is backing Ottawa's retaliatory tariffs against the United States even as a prominent local business organization is concerned about Canada taking aggressive trade action against its southern neighbour.

Freeland said such tariffs would be "absurd" because the North American auto industry is highly integrated and parts made in Canada often go to cars manufactured in the US and then sold back to Canadians.

"Canadians are in a position of vulnerability when we could have been in a position of strength" during the trade dispute, Poilievre said.

In farewell to USA shoppers, Toys 'R' Us urges 'Play on!'
Speaking to the Sydney Morning Herald at the time, the toy store said it was business as usual outside of North America. In 1965, Geoffrey the giraffe became the company's mascot, appearing in his first TV commercial in 1973.

"Any trade action is disruptive on both sides of the border", Freeland said. "I think all of us, at this point, fully anticipate there will be some moments of drama in the future".

Canada promised to react by imposing retaliatory tariffs on C$16.6 billion worth of USA exports and Freeland is due to outline exactly which goods will be hit, said the source.

Overall, Ujczo said Canada's retaliatory tariffs have been baked into the White House's calculus for months.

Media captionDairy wars: Why is Trump threatening Canada over milk? But domestic businesses, particularly those in the steel sector, have expressed deep concerns about any escalation in the trade battle.

"The measures announced today will help strengthen the competitiveness of Canada's steel and aluminum companies and contribute to economic growth while increasing the capacity of the industries to innovate, grow value added, support product and market diversification, and create and sustain jobs for Canadians".

These tariffs represent a total of $16.6 billion in Canadian countermeasures on imports of steel, aluminum, and other products from the United States.

Increasing funding to the provinces and territories to increase the capacity of the job and training programs available to workers affected by the USA measures.

- Investing $50 million to help companies diversify where their products are exported to.

"The United States is acting as a bully to a smaller country, and I think it would be hypocritical of me to sort of show up and accept their hospitality and free food and so on, when we are in the midst of this trade dispute that is going to have serious ramifications for the entire country and employment in this city", Mr. Watson told CTV earlier in the week, HuffPost reported. "That includes new extended work-sharing, to help employers avoid layoffs, and increased capacity for job and skills training programs for any workers who need them".

Bains, the economic development minister, said the support is aimed at helping firms adjust to the hard circumstances while enabling them to continue to innovate along the way.

Related News:



Most liked

Sanjay Dutt Broke Down After Watching 'Sanju': Rajkumar Hirani
The complaint is now being vetted by the Electronic Media Monitoring Centre of the Ministry of Information and Broadcasting. Previously a complaint was filed against the film with the Central Board of Film Certification (CBFC).

Genius Messi a shining light for Argentina, says Sampaoli
Oddsmakers have pegged Group C victor France as the slight betting favorite over Group D runner-up Argentina . The model also knows Argentina didn't qualify for the Round of 16 until the final minutes of its third game.

First product derived from cannabis given US FDA nod
What's more likely is that the DEA reschedules CBD , while leaving THC and marijuana itself as a Schedule 1 substance. It has high mortality rate than other types of epilepsy and do not respond to any other drugs available.

After internet mockery, 'Permit Patty' resigns as CEO of cannabis-products company
In a now-viral video of the incident, the girl's mother is heard saying, "This woman don't want a little girl to sell some water". The woman paces back and forth on a sidewalk outside a San Francisco apartment building in an online video posted Saturday.

Strawberry Moon Appears Tonight: Here's Who Will Have the Best View
The higher your observation point, and the fewer buildings and cloud are obstructing the horizon, the sooner you'll see it. When Is the Next Full Moon? Not only will skywatchers be able to see the Strawberry Moon, but Saturn will also be visible.

Little House on the Prairie author dropped from award for racist content
The TV series of the same name, inspired by the books, ran from 1974 until 1983, and starred Melissa Gilbert as Wilder. But let's just take a minute to remember the bad way Wilder described the Native Americans her family encountered.

Justice Anthony Kennedy announces retirement, gives Trump second Supreme Court pick
Kennedy, previously a federal appeals court judge in California, was actually Reagan's third choice for the job. Justice Kennedy, 81, will retire on 31 July, per his letter to Mr Trump.

Mexico close in on last 16 with South Korea win
Mexico is the fifth team to reach six points this World Cup , and just the second non-European club to do it (joining Uruguay). A 2-1 success over Group F rivals South Korea in Rostov all-but sealed safe passage into the knockout stages for Mexico .

Mattis Expects N Korea To Return Us Servicemen Remains Soon
United States recovery efforts in the country were halted in 2005 as tensions heightened between the two countries. File image of U.S. president Donald Trump met Kim Jong-un in SIngapore .

Saudi Arabia Lifts Ban on Women Driving in the Conservative Kingdom
They were accused of "suspicious contact with foreign entities", according to a statement on Saudi Arabia's official news agency. Some went out at the stroke of midnight - when the law was officially overturned - and cruised along Jeddah's seaside road .

Harry Kane leads record-breaking England half in Panama demolition
Captain Harry Kane grabbed a hat-trick as England scored six goals in a World Cup finals game for the first time in their history. With a victory, England will join Belgium as the second and final team in Group G to advance to the knockout stage.

Shopping online? Now you will have to pay taxes
Supreme Court ruled in a 5-4 decision Thursday that online retailers can now collect sales taxes on out-of-state purchases. A sales tax is supposed to be a broad tax on consumption: You buy and use things, you pay tax.

Online sellers consider how to comply with sales-tax ruling
Supreme Court on sales tax collection from online purchases. "This is a significant increase in competitiveness for local retail". In theory, customers who shopped on those sites were supposed to pay taxes themselves, through the state's use tax , but few did.

Arms control expert imagines the worst with North Korea
The move follows as the USA and South Korea cancelled two more training exercises on Friday, reports the BBC. Officials had announced on Monday that planning for Freedom Guard had been suspended in line with Mr.

Trump scraps Obama policy protecting oceans, Great Lakes
The Trump administration has proposed drilling in almost all federal waters, a plan still in development. In his order this week, Trump did not mention the Gulf spill.