Trump imposed 50-percent tariffs on hundreds of goods from Canada
Since August 22, new 50-percent tariffs on a range of Canadian goods have come into effect in the U.S. This happened after another round of trade negotiations between Washington and Ottawa concluded without an agreement, writes The Wall Street Journal.
Initially, the new tariffs were supposed to come into effect on August 20. However, on August 19, Donald Trump stated that their introduction would be postponed for three days after the parties allegedly agreed to resume the Keystone XL pipeline project. Canadian oil was planned to be transported to the U.S. via this pipeline.
Canadian Prime Minister Mark Carney also spoke of significant progress in the negotiations. However, on the evening of August 21, the talks broke down again, and the new tariffs came into force the very next day.
They affected about 5% of Canadian exports to the U.S. Hundreds of goods with a total value of over 28 billion dollars were included in the list. Among them are plywood, cement, wine, hockey sticks, and other products.
Canada is trying to get Washington to soften the previously imposed tariffs on steel, aluminum, automobiles, and lumber. However, the U.S. is not yet ready to make such concessions.
Thus, the trade confrontation between the U.S. and Canada continues, and the new American tariffs further expand the list of Canadian goods subject to high duties.
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