Canada Imposes Retaliatory Tariffs on US Goods

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"Glad to be here to remind everyone that Canadians stand up for each other". Canada is the United States' second-biggest trading partner in goods, just behind China. Both industries are at the centre of the current trade dispute with the United States.

On Sunday, Ottawa responded to the Trump administration's tariffs on Canadian steel and aluminum with duties of its own against US imports - dollar-for-dollar, reciprocal tariffs that target steel and aluminum, as well as a long list of consumer goods, the government says.

The tariffs target products like ketchup, lawn mowers, yogurt and playing cards.

Canada hit back at the U.S. with retaliatory tariffs on American summertime essentials including Florida orange juice, ketchup and Kentucky bourbon in its opening salvo in a trade war with President Donald Trump.

It appears Trump, too, is not backing down.

Canada and Mexico have the additional challenge of responding to US tariffs while they attempt to renegotiate NAFTA, a major free trade agreement, with the United States.

The federal Liberal government is determined to rekindle intensive talks on a new continental trade pact this summer - even though President Donald Trump says he won't sign a renegotiated NAFTA until after the USA midterm elections this fall.

Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can". The move has been viewed as a possible negotiating ploy to restart NAFTA talks, which could resume following Sunday's elections in Mexico. Canada announced Sunday that the tariffs amount to $16.6 billion Canadian dollars or $12.5 billion in USA dollars.

He said tariffs on the auto industry would increase the cost of a USA -built vehicle for an American buyer by as much as $3,000.

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Despite the tense political rhetoric among leaders, Trudeau kept his remarks upbeat and patriotic on Canada Day as he spoke to a crowd in Leamington.

Business executives last week told lawmakers that escalation into an all-out trade war would be devastating to the Canadian economy, which sends about 75 percent of its exports to the US.

"Canada, you're not going to get 275 per cent for your dairy and you're going to take down all your barriers", he said as an example.

Trudeau was speaking on the front steps of Highbury Canco with CEO Sam Diab.

After Heinz shut down a factory in Ontario in 2014, French's - known in the USA for its mustard - became an alternative ketchup-maker in Canada.

However, the company does not plan on laying off any workers or shrinking its production, Diab said.

After the European Union unveiled similar retaliatory tariffs, US Trade Representative Robert Lighthizer earlier this week lashed out calling them groundless and illegal.

"The two leaders agreed to stay in close touch on a way forward", according to the prime minister's office.

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