‘We’ll cost similar factor:’ Trump drops 250% tariff menace on Canadian lumber, dairy
&w=1200&resize=1200,0&ssl=1 "‘We’ll cost similar factor:’ Trump drops 250% tariff menace on Canadian lumber, dairy")
Whereas addressing the media within the Oval Workplace, Trump stated, “Canada has been ripping us off for years on lumber and on dairy merchandise”
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US President Donald Trump stated Friday (March 7) he could slap new sanctions on lumber and dairy merchandise from Canada shortly, a day after saying aid from across-the-board 25 per cent tariffs.
Whereas addressing the media within the Oval Workplace, Trump stated, “Canada has been ripping us off for years on lumber and on dairy merchandise.”
Notably, Canada expenses a 250 per cent tariff on US dairy exports to the nation.
Trump introduced he was going to cost “the identical factor,” suggesting the US may impose 250 per cent tariffs on Canadian lumber and dairy.
“We could do it as early as right this moment, or we’ll wait till Monday or Tuesday,” stated Trump, including, “We’re going to cost the identical factor. It’s not truthful. It by no means has been truthful, and so they’ve handled our farmers badly.”
Only a day earlier, on Thursday, Trump introduced a one-month pause on all tariffs for Canada and Mexico on merchandise that adjust to the US-Mexico-Canada Settlement (USMCA). This non permanent suspension offered much-needed aid to key industries, significantly the auto and agriculture sectors.
Canada imposes extraordinarily excessive tariffs on sure dairy merchandise, irritating American dairy farmers who’ve lengthy argued they’re being handled unfairly.
In 2023, a commerce dispute panel dominated in Canada’s favour, stating that these excessive import taxes didn’t violate the USMCA. Wisconsin Democratic Senator Tammy Baldwin had then criticised the choice, claiming it positioned an pointless burden on her state’s dairy business.
“Wisconsin dairy farmers work laborious day by day to deliver world class merchandise to market, and so they deserve a degree enjoying subject with their international opponents,” Baldwin stated forward of the November 2023 choice.
“This choice flies within the face of the settlement our nation made with Canada and places our Made in Wisconsin dairy merchandise at a drawback.”
(With inputs from businesses)
