Canada struck back in response to Trump’s trade war with retaliatory tariffs on about $20 billion worth of American goods, including steel, dairy products, appliances and farm equipment. The new tariffs extended well beyond industrial goods, hitting everyday purchases such as seafood, cheese, clothing, cosmetics and toilet paper, with some facing duties as high as 50%.
A prolonged dispute could raise costs for American businesses and consumers less than 2½ months before the midterm elections. - AP
“We did not choose this conflict, but when our economic integration is used as a weapon rather than the foundation for a win-win partnership, we need to stand up,” Finance Minister François-Philippe Champagne said in French, calling the situation “an unprecedented challenge imposed on Canada.”
Canada’s retaliation came after the Trump administration imposed 50% tariffs over the weekend on Canadian goods following the collapse of trade negotiations. Canadian Prime Minister Mark Carney accused Washington of trying to subordinate Canada and said U.S. demands during the failed talks showed that Americans wanted to “destroy our major industries.” - AP
TakeAway: Hold Republicans accountable.
Deepak
DemLabs
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