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canadaimposesupto50
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Canada imposes countervailing duties up to 50% on U.S. goods — response after the talks collapsed
Canada responds: Ottawa has announced countervailing duties of up to 50% on U.S. goods — including steel, aluminum, furniture, clothing, gaming devices, and smartphone components — to cover about $20 billion of imports from the United States (~6% of Canada’s total imports from the U.S. last year).
Key points
💥Driver: Trade talks between the United States and Canada collapsed at the last moment (August 22), after Washington invoked the Smoot-Hawley Tariff Act of 1930 to impose a 50% tariff on nearly $20 billion worth of Canadian goods (wine, hockey sticks, and cement). Prime Minister Mark Carney suspended the negotiations and ordered the negotiators to return home.
💥Response: Canada will raise the current duties on U.S. imports of steel and aluminum to 50% and add an additional 50% duty on furniture, clothing, gaming unit devices, and smartphones — “in the same amount, to protect our workers and businesses,” according to Carney.
Disclaimer: Market information, not investment advice.
Please follow up
#canadaimposesupto50 #SolanaRWAHoldersTop300000 #HKJulyGoldNetExportsToMainland56 . #BitcoinRejectedAt #SolanaSpotETFInflowsHitRecord $XAU $BZ.US $CL
Canada responds: Ottawa has announced countervailing duties of up to 50% on U.S. goods — including steel, aluminum, furniture, clothing, gaming devices, and smartphone components — to cover about $20 billion of imports from the United States (~6% of Canada’s total imports from the U.S. last year).
Key points
💥Driver: Trade talks between the United States and Canada collapsed at the last moment (August 22), after Washington invoked the Smoot-Hawley Tariff Act of 1930 to impose a 50% tariff on nearly $20 billion worth of Canadian goods (wine, hockey sticks, and cement). Prime Minister Mark Carney suspended the negotiations and ordered the negotiators to return home.
💥Response: Canada will raise the current duties on U.S. imports of steel and aluminum to 50% and add an additional 50% duty on furniture, clothing, gaming unit devices, and smartphones — “in the same amount, to protect our workers and businesses,” according to Carney.
Disclaimer: Market information, not investment advice.
Please follow up
#canadaimposesupto50 #SolanaRWAHoldersTop300000 #HKJulyGoldNetExportsToMainland56 . #BitcoinRejectedAt #SolanaSpotETFInflowsHitRecord $XAU $BZ.US $CL
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