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Canada scrambles in Washington as 50% U.S. tariff deadline nears
Developing
It plans to implement the duties under Section 338 of the Tariff Act of 1930 , a 96-year-old law that authorizes the president to hit any foreign country that discriminates against U.S. commerce with tariffs of up to 50%.
On Monday, Statistics Canada reported inflation rose 3.0%, up 0.5% from a month earlier. The White House has said the tariffs are in response to Canada’s “discriminatory treatment of American products” and that it’s “leveling the playing field for crucial American exports — cars, alcohol, and dairy. “The policy basis for [Wednesday’s] duties are related to measures that Canada took against the United States,” U.S. Trade Representative Jamieson Greer said last week. However, after weeks of meetings, the prospects for a deal remained uncertain Monday, and Canadian broadcaster CBC reported that the two countries were at an impasse. “I’ve got two countries in the world that have retaliated against the United States for trade measures: the People’s Republic of China and Canada,” said Greer.
What's confirmed
- It plans to implement the duties under Section 338 of the Tariff Act of 1930 , a 96-year-old law that authorizes the president to hit any foreign country that discriminates against U.S.
- On Monday, Statistics Canada reported inflation rose 3.0%, up 0.5% from a month earlier.
What's still developing
- It plans to implement the duties under Section 338 of the Tariff Act of 1930 , a 96-year-old law that authorizes the president to hit any foreign country that discriminates against U.S. commerce with tariffs of up to…