Dynamite News Canada hits back with dollar-for-dollar tariffs on US goods
Canadian Prime Minister wrote, "American tariffs on Canadian aluminium & steel are unacceptable. As we have said, we will always stand up for our workers, and today we're announcing retaliatory measures to this attack on our industry."
Ottawa: Canadian Prime Minister Justin Trudeau on Thursday announced that the country would impose its own tariffs on United States' goods in retaliation to Washington D.C.'s steel and aluminium tariffs.
This comes hours after US President Donald Trump earlier announced that he will impose steep tariffs on steel and aluminium on three of US' biggest trading partners - Canada, Mexico and the European Union (EU).
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As reported by CNN, the said trade tariffs will come into effect from Friday midnight. The said trade-move would raise prices of a range of everyday products.
Trudeau slammed the move, calling it "unacceptable".
In a series of tweets, the Canadian Prime Minister wrote, "American tariffs on Canadian aluminium & steel are unacceptable. As we have said, we will always stand up for our workers, and today we're announcing retaliatory measures to this attack on our industry."
Les droits américains sur l’aluminium et l’acier canadiens sont inacceptables. Comme nous l’avons dit, nous allons toujours défendre nos travailleurs. Aujourd’hui, nous annonçons que nous prendrons des mesures de rétorsion en réponse à cette attaque contre notre industrie.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Le Canada imposera des droits aux importations d’acier, d’aluminium et d’autres produits des États-Unis. Ces droits de douane seront égaux à ceux que les États-Unis imposent à la population canadienne, au dollar près.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Ces contre-mesures ne s’appliqueront qu’aux produits des États-Unis et entreront en vigueur le 1er juillet. Elles resteront en place jusqu’à ce que les États-Unis éliminent leurs mesures qui restreignent les échanges commerciaux avec le Canada.
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— Justin Trudeau (@JustinTrudeau) May 31, 2018
Le Canada contestera ces mesures illégales et contreproductives en vertu du chap. 20 de l’ALÉNA et à l’OMC. Il est tout simplement ridicule de penser que le commerce avec le Canada menace la sécurité nationale des ÉU. Nous continuerons de défendre nos travailleurs et entreprises.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
American tariffs on Canadian aluminum & steel are unacceptable. As we have said, we will always stand up for our workers, and today we’re announcing retaliatory measures to this attack on our industry.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Canada will impose tariffs against imports of steel, aluminum, and other products from the US – we are imposing dollar for dollar tariffs for every dollar levied against Canadians by the US.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
These countermeasures will only apply to goods originating from the US and will take effect on July 1, and will remain in place until the US eliminates its trade-restrictive measures against Canada.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Canada will also challenge these illegal & counterproductive measures under NAFTA Chapter 20 and at the WTO. It is simply ridiculous to view any trade with Canada as a national security threat to the US and we will continue to stand up for Canadian workers & Canadian businesses.
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— Justin Trudeau (@JustinTrudeau) May 31, 2018
Les Américains demeurent nos partenaires, nos amis et nos alliés. Le peuple américain ne fait pas l’objet de l’annonce d’aujourd’hui.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Nous devons croire qu’éventuellement le bon sens triomphera. Mais malheureusement, les actions prises par le gouvernement américain ne semblent pas aller dans cette direction.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Americans remain our partners, friends, and allies. This is not about the American people. We have to believe that at some point their common sense will prevail. But we see no sign of that in this action today by the US administration.
— Justin Trudeau (@JustinTrudeau) May 31, 2018
Earlier in March, Trump had announced the said tariffs to be applicable worldwide while exempting Canada, Mexico and the EU but with his recent move, the three countries will now face the brunt of trade tariffs along with other countries.
Meanwhile, Canada, Mexico and the EU were negotiating with the United States to address the administration's concerns about the state of domestic steel and aluminium production. Those negotiations had a Friday deadline.
Following the announcement, the Dow Jones indices fell about 200 points while the US Steel company climbed three per cent. (ANI)