Canada’s Finance Minister Dominic LeBlanc announced a 25 per cent reciprocal tariff on an additional Canadian $29.8bn worth of goods imported from the US. As per a BBC report, computers, sports gear are part of reciprocal tariffs.
LeBlanc described how the list of additional products now tariffed from the US includes sports equipment, computers and cast iron products. Le🥃Blanc added the government may impose further tariffs in response to the US 🀅suggestion that products with steel and aluminium content is also to be tariffed, BBC said.
We understand that thℱese are challenging and uncertain times" and he says measures have been deployed to support people affected, including finding new markets for products and access financing to help.
"We will use every tool at our disposal to defend Canadian jobs and Canadian businesses and support workers thro𓃲ugh these challenging times."
We Will Not Back Down, Says Foreign Minister
Canada’s Fo𒈔reign Affairs Minister Mélanie Joly, said Canada is "holding strong" and "this is going to be a day-to-day fight".
In a live broadcast, Joly said that the initial tariffs were sparked by "exaggerated claims about our border" and the latest excuse is national security. She added there are threats of further tariffs on 2 April that a💃re still looming and the excuse for those tariffs changes daily. Trump has continued to repeat his "51st state rhetoric", Joly said.
It s🌳eems to stem from Trump wanting t🅠o annex our country with economic coercion, she added.
"Well we will not back down."
Tariff War
President Donald Trump on Tuesday doubled his planned tariffs on steel and aluminum produꦜcts imported from Canada to 50 percent. The move came in response to Ontario's decision to impose a 25 percent tariff on its electricity exports to the United States.
Canada's most populous province Ontario on Monday announced that effective Monday it is charging a 25💟 percent additional tariff for electricity to 1.5 million Americans in response to US President Donald Trump's trade war.
What Did Trump Say?
In a post on his Truth Social media pl♎atform,Trump announced that he had instructed his commerce secretary to add an additional♔ 25 percent tariff on the metals products that will go into effect on Wednesday morning.
"Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to𝓰 390% on various US dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area", Trump wrote.
