Canada's Foreign Minister and Prime Minister have proposed imposing retaliatory tariffs on $12.8 billion worth of United States exports including steel, aluminum, orange juice, maple syrup, whiskey, toilet paper and more. The Canadian goverment also plans to challenge the U.S. imposed steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization.
The proposed Canadian tariffs include two lists of products. One list has a 25% tariff while the other list has a 10% tariff. The proposed tariffs are set to go into effect on July 1 and would remain until the U.S. lifts its tariffs.
(more on Canada's proposed tariffs and challenge to the U.S. imposed tariffs...)
