Canada reportedly considering new ways to retaliate against US tariffs

Author: Justin Low | Category: News

According to a report by CBC

Says that Canada is considering to launch consultations on whether it should increase retaliatory tariffs against the US in hope of getting steel and aluminium tariffs lifted. The reason for the move here is that Canadian authorities have found that their earlier counter-measures have fallen short of its proposed 'dollar-to-dollar' retaliation.

I don't quite envy being in Canada's position right now to be honest. They're handling all these trade situations in a less than ideal manner. On one side, there's still the Huawei issue ongoing that is seeing China start to shy away from trade with them and on another side, the new NAFTA deal is still up in the air as they continue to pick at the US on these tariffs.

With the US looking to pressure China to increase trade purchases, it's not exactly smart to give China an easy reason to cut down on buying stuff from you. It's essentially a win-win for Beijing and Washington on the face of it.

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