Economy

How will the new tariffs affect your grocery bill?

How will the new tariffs affect your grocery bill?

Canadian Prime Minister Justin Trudeau's office said in a statement that the prime minister "had no choice but to announce reciprocal countermeasures to the steel and aluminum tariffs that the United States imposed on June 1, 2018". "We lean on each other and we stand strong and that's what we do from coast to coast to coast", Trudeau said.

In the interview on Fox News Channel's "Sunday Morning Futures with Maria Bartiromo", Trump again threatened to impose tariffs on imported cars, trucks and auto parts, saying, "The cars are the big ones".

"I have made it very clear to the president that it is not something we relish doing but it is something that we absolutely will do", he said in June. "I want to make it more fair".

The list of more than 250 U.S. goods subject to Canadian duties - including Florida juice, Wisconsin toilet paper and North Carolina gherkins - aim to pressure Trump supporters in key states in November's USA midterm elections.

Canada and Mexico are grappling with U.S. tariffs while also attempting to renegotiate NAFTA, a major free trade agreement with the U.S. In a variety of published reports, Trump said Sunday he plans to wait until after the mid-term elections to move forward with a new NAFTA deal.

He also said that Canada and Mexico should stick together rather than be tempted to sign bilateral trade deals separately - something Trump has called for. "[As] Canadians, we're polite, we're reasonable but we also will not be pushed around".

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Some have already launched retaliatory measures and filed legal challenges with the World Trade Organization.

The Chamber based its state-by-state analysis on data from the U.S. Department of Commerce and government agencies in China, the EU, Mexico, and Canada.

"We will not just be victims of American policy, we're going to fight back".

Trudeau has insisted the US president's complaints about Canada's trade barriers are the result of his refusal to give in to Trump's demands to do away with the country's supply-management system, which is created to protect dairy, poultry and egg producers. "Escalating tariffs against the United States does nothing to help Canada, and it only hurts American workers. Everybody said, 'Uh, can we get on to another subject?"' "I think NAFTA is dormant for the next six to 12 months".

Trudeau later spoke with Lopez Obrador on Monday, wherein they discussed their mutual trade interests and their "shared priority of updating the North American Free Trade Agreement for the betterment of their peoples", said a readout of the conversation issued Monday.


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