Canada will announce more than $20 billion in tariffs in response to Trump’s metal tariffs

Canada Will Announce More Than $20 Billion In Tariffs In Response To Trump's Metal Tariffs

 The Canadian flag is flown at a border crossing between Canada and U.S. in Rouses Point, N.Y., March 11. Reuters-Yonhap

The Canadian flag is flown at a border crossing between Canada and U.S. in Rouses Level, N.Y., March 11. Reuters-Yonhap

TORONTO — Canada will announce Canadian $29.8 billion ($20.7 billion) in retaliatory tariffs in response to the 25 % metal and aluminum tariffs that U.S. President Donald Trump has leveled, a senior Canadian authorities official stated Wednesday.

The official spoke on situation of anonymity as a result of they weren’t licensed to talk earlier than the announcement.

The European Union on Wednesday additionally introduced retaliatory commerce motion with new duties on U.S. industrial and farm merchandise, responding inside hours to the Trump administration’s enhance in tariffs on all metal and aluminum imports to 25 %.

Canada is the biggest overseas provider of metal and aluminum to the U.S. (AP)

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