/images/ppid_59c68470-image-178814264663051598.webp)
/images/ppid_59c68470-image-178789508463184599.webp)
/images/ppid_59c68470-image-178794005553894225.webp)
What is the story about?
US President Donald Trump called on Canadian companies doing business with America to relocate to the United States immediately, saying they would face no tariffs once they moved.
He made the appeal on his Truth Social account on Sunday August 30, arguing that firms which had left the US years were now returning to avoid the levies he had imposed.
Also Read:‘Lake Ontario. Now and Always’: Canada mocks Donald Trump’s Lake America renaming order
Trump said the US had been losing more than $60 billion a year in its trade with Canada and claimed that businesses that had once left America were now "lining up" to come back, just as companies from other countries had done.
His comments followed the introduction of 50% tariffs on a wide range of Canadian imports earlier in August. Washington estimated the measures covered around 5% of Canada's annual exports to the US, worth roughly $20 billion, and applied to goods including hockey sticks, wine, cement, honey and agricultural products.
The White House said the tariffs, imposed under Section 338 of the Tariff Act of 1930, were a response to what it called discriminatory Canadian treatment of American cars, alcohol and dairy exports.
It cited a fall in Canadian imports of US vehicles and alcoholic beverages, along with restrictive dairy quotas, as justification for the move. The tariffs took effect regardless of goods' status under the US-Mexico-Canada Agreement, though energy, potash and certain other products were excluded.
Canadian Prime Minister Mark Carney's government responded by pledging "dollar for dollar" retaliation. Ottawa said it would impose counter tariffs of 15, 25 and 50% on $27.6 billion of US goods from September 8, targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Also Read: Trump weighs more trade measures against Canada after retaliation against US
The government also unveiled a 7.5 billion Canadian dollars support package for affected workers and businesses, on top of nearly 25 billion Canadian dollars already provided since the tariffs began according to an official statement released on Tuesday August 25.
Trump separately said tariffs on Canadian cars, trucks, automotive parts and steel would rise to 50% from January 1 the next year, adding that Canada relied on the US for 95% of its trade.
He made the appeal on his Truth Social account on Sunday August 30, arguing that firms which had left the US years were now returning to avoid the levies he had imposed.
Also Read:‘Lake Ontario. Now and Always’: Canada mocks Donald Trump’s Lake America renaming order
Trump said the US had been losing more than $60 billion a year in its trade with Canada and claimed that businesses that had once left America were now "lining up" to come back, just as companies from other countries had done.
His comments followed the introduction of 50% tariffs on a wide range of Canadian imports earlier in August. Washington estimated the measures covered around 5% of Canada's annual exports to the US, worth roughly $20 billion, and applied to goods including hockey sticks, wine, cement, honey and agricultural products.
The White House said the tariffs, imposed under Section 338 of the Tariff Act of 1930, were a response to what it called discriminatory Canadian treatment of American cars, alcohol and dairy exports.
It cited a fall in Canadian imports of US vehicles and alcoholic beverages, along with restrictive dairy quotas, as justification for the move. The tariffs took effect regardless of goods' status under the US-Mexico-Canada Agreement, though energy, potash and certain other products were excluded.
Canadian Prime Minister Mark Carney's government responded by pledging "dollar for dollar" retaliation. Ottawa said it would impose counter tariffs of 15, 25 and 50% on $27.6 billion of US goods from September 8, targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Also Read: Trump weighs more trade measures against Canada after retaliation against US
The government also unveiled a 7.5 billion Canadian dollars support package for affected workers and businesses, on top of nearly 25 billion Canadian dollars already provided since the tariffs began according to an official statement released on Tuesday August 25.
Trump separately said tariffs on Canadian cars, trucks, automotive parts and steel would rise to 50% from January 1 the next year, adding that Canada relied on the US for 95% of its trade.
/images/ppid_59c68470-image-178807752977088237.webp)
/images/ppid_59c68470-image-178814268186962140.webp)
/images/ppid_59c68470-image-178788253762940852.webp)
/images/ppid_59c68470-image-178803752825461396.webp)
