(C) Reuters. FILE PHOTO: Canada federal election
OTTAWA (Reuters) – If the United States re-imposes some tariffs on Canadian aluminum products, Canada will respond by slapping retaliatory tariffs on U.S. goods, a government source said on Thursday.
“We will react very similarly to the last (time they imposed) tariffs,” said the source, speaking shortly before Trump confirmed he was imposing punitive measures.
The source requested anonymity given the sensitivity of the situation.
In June 2018, after Trump announced sanctions against Canadian steel and aluminum imports, Canada imposed punitive measures on C$16.6 billion ($12.5 billion) worth of American goods. Trump lifted the sanctions in 2019.
Canada vows to retaliate against U.S. aluminum tariffs
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.