Canada pays US aluminum and steel taxes

Thanh Hà |

Canada responds to US President Donald Trump's global steel and aluminum tax rate of 25% with the corresponding tax rate targeting US goods worth 29.8 billion Canadian dollars.

Canada has responded to each dollar by imposing a corresponding tax on imports from the US from midnight on March 12.

The target of the retaliatory tax is 12.6 billion USD for US steel, 3 billion USD for aluminum and 14.2 billion USD for additional US goods, including computers, sports equipment and cast iron products.

Canadian Foreign Minister Melanie Joly said that Canada is fighting day by day. We will not back down, she stressed.

The latest measure comes along with the $30 billion Canada fine that Canada imposed on US goods on March 4, according to Politico.

Canada's incoming prime minister Mark Carney has said he intends to maintain the retaliatory tax rate until "the American people respect us". He said Canada expected credible commitments to free and fair trade. Mr. Carney said he will not participate in trade negotiations until he is sworn in as prime minister, scheduled to take place this weekend.

Prime Minister Ontario Doug Ford arrived in Washington on March 13 to meet with US Secretary of Commerce Howard Lutnick to discuss the trade war. In the process set by President Donald Trump, Minister Lutnick has until February 2 to make a series of decisions on global tariffs.

On March 11, Fords Trump agreed to postpone a 25% tax rate on the provinces electricity exports to three US states in exchange for a meeting at the White House.

Previously, on March 12, the European Union announced a two-phase retaliatory measure for US goods, applying to 26 billion euros in EU exports.

Thanh Hà
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