Canada Announces, Then Pauses Retaliatory Tariffs Against US
Canada announced then later rescinded retaliatory tariffs against the U.S. after both sides reached an agreement to delay new tariffs this week.
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
Canada was ready to impose a 25% retaliatory duty on a host of items imported from the U.S., but President Justin Trudeau said late in the afternoon on Feb. 3 that those measures "will be paused for at least 30 days" while the U.S. and Canada "work together." Trudeau said Canada will reinforce its borders with more personnel and resources to stop flows of fentanyl, and is planning "enhanced coordination with our American partners," among other border initiatives.
Trump said U.S. tariffs will be paused "to see whether or not a final Economic deal with Canada can be structured."
Trudeau's comments came hours after the country said it planned to impose duties on U.S. firearms, spirits, beer, fruits, tires, toilet paper, cardboard boxes, stoves, refrigerators, dishwashers, washers, dryers, furniture, motorcycles, cars and light trucks, steel and aluminum products, and more. Some of the tariffs would have taken effect Feb. 4, the same day Trump had planned to impose his own tariffs against Canada (see 2502030016). The Canadian list captured more than 100 billion Canadian dollars worth of imports last year.