Posted on July 4, 2018

Canada and the European Union have retaliated to the USA import tariffs which began on July 1. The Canadian government began to impose import tariffs on a long list of U.S. consumer goods, totaling about $12.6 billion of U.S. exports into the country. The Prime Minister urged his citizens to “make their choices accordingly” when deciding whether or not to purchase American-made imports.

On July 2, the European Union threatened retaliatory tariffs on nearly $300 billion of U.S. auto exports if the USA proceeds with tariffs on European cars imported to the United States. The EU claimed that US import tariffs on cars could have a $13-14 billion negative impact on the U.S. GDP. This would be in addition to the retaliatory tariffs the EU levied against the United States after the Trump administration imposed tariffs on steel and aluminum coming from the EU.

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