Canada hits $13 billion of U.S. goods with new tariffs

Canada hits $13 billion of U.S. goods with new tariffs

Canada hits $13 billion of U.S. goods with new tariffs

Canadian tariffs on more than 100 US goods went into effect on Sunday, as a retaliatory effort against similar measures imposed by the United States.

The economist tapped by Lopez Obrador to lead Nafta talks if he wins said on June 26 that he hopes a deal can be reached "within a couple of months".

Today is the first day that Canada's retaliatory tariffs against U.S. steel, aluminum and other products went into effect.

Canada and Mexico have the additional challenge of responding to USA tariffs while they attempt to renegotiate NAFTA, a major free trade agreement, with the United States.

On Sunday, Ottawa responded to the Trump administration's tariffs on Canadian steel and aluminum with duties of its own against US imports.

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".

Canada's response includes imposing $16.6 billion worth of tariffs on a long list of consumer products that come from a wide range of sectors - from beer kegs, to ballpoint pens, to ketchup.

"The US tariffs leave Canada no choice but to defend our industries our workers and our communities", Canadian Foreign Affairs Minister Chrystia Freeland said.

Sanders said that the tactic has only hurt American workers.

"We've been very nice to Canada for many years and they've taken advantage of that", Sanders said during her daily press briefing in Washington.

Canadian Prime Minister Justin Trudeau speaks during a news conference in Ottawa, Ontario.

"The bottom line is that some of the people buying American products may switch to the Canadian products, that's one source of increased profit for the Canadian producers", says Littler. "We will not escalate and we will not back down", she said, while noting that this trade action was the strongest Ottawa has taken since World War II.

"We're going to take down all our barriers, we're going to take down all our taxes, right".

In a tweet, Trump boasted that his efforts to renegotiate trade pacts are "coming along very well".

"I think we'll get through this".

As Canadians celebrated the country's birthday on Sunday, Prime Minister Justin Trudeau was on the road highlighting the stand he has taken against the US government's decision to impose tariffs on Canadian steel and aluminum.

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