Key Points
- Canada has introduced and raised tariffs on $27.6 billion worth of U.S. goods, including dairy, agricultural equipment, paper, household appliances and electronics.
- U.S. steel, aluminum and iron products, furniture and clothing were hit with the highest rate of 50%.
- Officials from Ottawa and Washington continue to publicly trade barbs, blaming one another for the failure to reach a trade deal.
Canada’s retaliatory tariffs on a swathe of U.S. goods took effect on Tuesday after trade talks collapsed last month, as relations between Washington and Ottawa continue to sour.
The duties range from 15% to 50% across hundreds of U.S. products worth a total $27.6 billion, including dairy, agricultural equipment, paper, household appliances and electronics. Canadian tariffs on U.S. steel, aluminum and iron products doubled to 50%, while furniture, motorbikes, clothing and some beauty products were among the goods hit with the highest rate.
...read more at cnbc.com
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