Canada Rejects US Tariff Compromise: All Levies Must Be Lifted
A senior Canadian official stated that Prime Minister Trudeau will not lift Canada’s retaliatory tariffs unless the U.S. removes all its tariffs on Canadian goods. This rejects a proposed “middle ground” settlement suggested by U.S. Commerce Secretary Lutnick. The official did not address potential partial tariff reductions. The U.S. imposed a 25% tariff on most Canadian imports, while Canada responded with tariffs on $30 billion in U.S. goods, with further increases planned. Trudeau has vehemently rejected the U.S.’s justification for the tariffs, citing the minimal amount of fentanyl trafficked across the border.
John Q. Hosedrinker