Canada Prime Minister Justin Trudeau said in a statement on Monday night (3) that retaliatory tariffs about the United States would come into force at 00:01 (local time) on Tuesday (4) in response to US tariffs.
US President Donald Trump said earlier that the US would continue with 10% rates on Canadian energy products from March 4, after the end of one month of extension.
In the statement that tariffs on US $ 20.80 billion imports from the US would immediately come into force, and more tariffs could follow. The value of retaliation was the same as the February announcement, although it has given no details about which products would be impacted.
Below are the details of the plan Canada announced last month.
Retaliatory tariffs
Canada should impose 25% rates on $ 20.8 billion on US imported products with immediate effect. Taxes will remain in force until they eliminate their fares against Canada. The contracted do not apply to goods already in transit.
The $ 20.8 billion is part of a general retaliatory measure aiming at $ 105 billion in US imports, with the remaining $ 86 billion entering into force after a period of 21 days.
Products
The first installment of retaliation includes a list of 1,256 products such as orange juice, peanut butter, wines, spirits, beers, coffee, appliances, clothing, shoes, motorcycles, cosmetics, cellulose and paper.
The cost of imports associated with some of the main products are cosmetic and body care in the amount of $ 2.4 billion, appliances and other domestic items worth $ 2.3 billion, pulp products and paper worth $ 2 billion, plastic products worth $ 1.2 billion, among others.
Second installment
The government will consult the public and stakeholders for a second installment of retaliatory tariffs, which will include a wide range of US imported products, such as passenger vehicles and trucks, electric vehicles, steel and aluminum products, fruits and vegetables, aerospace, beef, pork and dairy products.
Non -tariff measures
Trudeau also said that Canada is considering non -targeted retaliatory measures potentially related to critical minerals, energy acquisition and other partnerships. Canadian energy minister said an export rate on critical minerals is an option.
The government will also take steps to mitigate the impact of its tariff contracted on Canadian workers and companies, the Ministry of Finance said.
He will establish a process of remission to consider requests for relief of imposed tariffs as part of Canada’s immediate response, as well as any future tariff actions, he said.
