No agreement with USA
Canada ready to reduce retaliatory tariffs
According to an insider, the Canadian government is prepared to reduce retaliatory tariffs against the USA. Since Tuesday, import duties of 25 percent have been imposed on numerous Canadian goods.
The prerequisite is that the US government under President Donald Trump lifts some of the tariffs it has imposed, according to Canadian government circles. Negotiations between Canada and the USA are ongoing and no agreement has yet been reached.
New import tariffs
Since Tuesday, new import tariffs of 25 percent each have been in force on numerous goods from the two US neighbors Canada and Mexico. Canadian Prime Minister Justin Trudeau announced immediate counter-tariffs of 25 percent on American imports worth 20.7 billion US dollars.
Further tariffs on goods worth 86.2 billion US dollars were to follow if Trump's tariffs were still in force after 21 days.
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