Canada will introduce “reciprocal measures” worth 2.3 billion euros in a month in response to Donald Trump’s decision to return a 10 percent tariff on Canadian aluminum, Canadian Deputy Prime Minister Chrystia Freeland said yesterday.
Describing Trampov decision “unreasonable,” Freeland said that Prime Minister Justin Trudeau ( Justin Trudeau ) in the next month to hold “consultations on the long, exhaustive list (US) products containing aluminum.”
“Reciprocal measures” will take effect after those consultations, she added at the conference.
Ottawa will retaliate against these “unfair tariffs” “quickly and decisively”: “”for every dollar with which the United States taxes Canadian imports, we will retaliate with equal tariffs,” the deputy prime minister said.
“We will not worsen the situation, but we will not back down,” she said, adding that “the aluminum industry is important for the Canadian economy and generates about 10,000 jobs.”
U.S. tariffs on Canadian aluminum are due to take effect on August 16.
The return of U.S. tariffs comes just weeks after a new free trade agreement (USMCA) between the U.S., Canada, and Mexico took effect in early June. The latter is a replacement for NAFTA (the North American Free Trade Agreement) signed in 1994, which was unanimously deemed obsolete.