Friday, August 7, 2020

TRUMP RESTORES IMPORT TAX ON CANADIAN ALUMINUM

   The Trudeau government is promising to impose retaliatory tariffs on American products after U.S. President Donald Trump announced Thursday he is restoring an import tax on raw aluminum from Canada later this month.
   "In response to the American tariffs, Canada intends to swiftly impose dollar-for-dollar countermeasures," Deputy Prime Minister Chrystia Freeland said in a written statement.
   She called Trump's decision to reimpose tariffs on Canadian aluminum "unwarranted and unacceptable" and suggested his timing couldn't be worse.
   U.S. appliance companies like Whirlpool, where Trump chose to make his announcement Thursday, were forced to raise prices in 2019 because of the previous steel and aluminum tariffs.

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