Retaliatory tariffs now in effect

Glen Norman
July 5, 2018

"There is so much to be proud of as a country, but the thing we always have to be most proud of is Canadians ourselves - the way we step, the way we lean on each other, the way we're creative and optimistic about the future, the way we look at challenges as opportunities, to grow, to build, to be there for each other".

Trump called NAFTA as "the worst deal ever" during his campaign and presidency.

Canada isn't the only one pushing back against Trump's tariffs.

The key US trade ally said the countermeasures will remain in effect until the Trump administration limits its trade restrictions on its goods.

Roland Paris, a professor of worldwide affairs at the University of Ottawa and a former foreign policy adviser to Prime Minister Justin Trudeau, says no one wins in a trade war, which could cost tens of thousands of jobs.

"On behalf of our family, Sophie and I wish everyone a very happy Canada Day". The winning candidate said he will make that proposal in a meeting Tuesday with current President Enrique Pena Nieto.

Trump has also tried to pressure Canada and Mexico into agreeing to rewrite the 24-year-old North American Free Trade Agreement to shift more auto production and investment to the United States.

"The president is working to trying to fix the broken system and he's going to continue pushing for that". Canada has retaliated with $16.6 billion in counter-tariffs and the US midterm elections are in the fall.

Trump enraged Canada and other USA allies by declaring imported steel and aluminium a threat to America's national security. These are all factors that point to a stalemate, said Moshe Lander, an economist at Concordia University.

"I think if you stand up to him, he'll back down".

The Chamber, which says it represents the interests of three million companies, had praised Trump for slashing business taxes in December, but mounting trade tensions have opened a rift with the White House.

"The two leaders agreed to stay in close touch on a way forward", it added.

Separately, Trudeau also spoke with Mexican President Enrique Pena Nieto on Friday to discuss the Mexican elections on July 1.

"When we started looking at these tariffs, in which has really escalated into trade war, we knew that agriculture was going to bear brunt of that", he said.

"They have been taking advantage of the United States for a long time".

Trudeau got a tour of the facility and the two spoke about the trade environment and how Diab supports Trudeau's retaliatory tariffs.

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