Canada plotting $3.6B retaliation over Trump's tariffs

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With the latest volley of tariffs between the U.S. and Canada, here's a look a some key events in the Canada-U.S. trade relations since 2018. See the timeline of events:

OTTAWA -- Deputy Prime Minister Chrystia Freeland has started detailing Canada’s plans to hit back with $3.6 billion in countermeasures on a “broad and extensive list” of aluminum products in response to U.S. President Donald Trump imposing a new tariff on Canadian aluminum.on a long list of American productsAmong the list of potential U.S.

“They should not be imposed,” she said, pointing out that the washing machines at the Whirlpool plant where Trump made the announcement will become more expensive for Americans and less competitive globally as a result. Canadian and American aluminum groups have disputed that assertion, and other business groups have stated the tariffs will hurt businesses on both sides of the border.

“I think the important point for Canadians to understand and above all, for Americans to understand is that the first casualties, the first victims of these tariffs will be Americans themselves. That's what's so unfortunate about all of this,” she said.This is not the first time in recent history that there’s been an exchange of tariffs between Canada and the United States.

“That is a ludicrous notion. On the contrary, Canadian aluminum is essential for U.S. industry, including the U.S. defense industry. Canada has, for decades, been a reliable supplier of aluminum,” she said.

 

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