Close Menu
    Trending
    • US To Take Ukraine Off Payroll
    • Democrat Governors Are Rolling Back State-Funded Healthcare for Illegal Aliens – Why is the Left Not Protesting Them? | The Gateway Pundit
    • Tammy Slaton’s Video Of Excess Skin Surgery Result Stuns Fans
    • Northern Ireland hit by third night of violence but main flashpoint calmer
    • US-backed Gaza Humanitarian Foundation says 5 aid workers killed in attack | Israel-Palestine conflict News
    • Garrett’s wild comment about Rodgers not a ringing endorsement
    • L.A. protests: Double standard | The Seattle Times
    • Deloitte Expands Well-Being Program to Include Legos
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Trending News»Canada pauses some counter tariffs against US
    Trending News

    Canada pauses some counter tariffs against US

    The Daily FuseBy The Daily FuseMay 19, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Canada pauses some counter tariffs against US
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Through the election marketing campaign, automakers have been supplied a reprieve, offered they maintained manufacturing and funding in Canada.

    This was outlined on Might 7 within the Canada Gazette, the federal government’s official newspaper, together with a pause on tariffs on merchandise utilized in meals and beverage processing and packaging, well being, manufacturing, nationwide safety and public security.

    The strikes went largely unnoticed till Oxford Economics stated in a report this week that the exemptions coated so many classes of merchandise that the tariffs price towards america was successfully dropped to “practically zero”.

    Opposition chief Pierre Poilievre pounced on the declare, cited within the media, to accuse Carney of getting “quietly dropped retaliatory tariffs to ‘practically zero’ with out telling anybody”.

    Champagne referred to as these assertions falsehoods.

    “To retaliate towards US tariffs, Canada launched its largest-ever response – together with CA$60B of tariffs on end-use items. 70 per cent of these tariffs are nonetheless in place,” he stated on X.

    Canada’s counter tariffs, his workplace advised AFP, have been “calibrated to reply to the US whereas limiting financial hurt to Canada”.

    Tariff reduction was offered for six months to provide some Canadian firms “extra time to regulate their provide chains and grow to be much less depending on US suppliers”, Champagne spokesperson Audrey Milette stated.

    Canada continues to cost tariffs on roughly CA$43 billion (US$31 billion) of US items, she added.

    The nation of 41 million individuals sends three-quarters of its exports to america, and the most recent jobs report reveals tariffs imposed by Trump are already damaging the Canadian economic system.

    The US president has slapped common tariffs of 25 per cent on Canada in addition to sector-specific levies on autos, metal and aluminium, however he has suspended a few of them pending negotiations.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Northern Ireland hit by third night of violence but main flashpoint calmer

    June 12, 2025

    Australia to work closely with US on review of Biden-era submarine pact

    June 11, 2025

    US Secretary of State Rubio seeks probe into Harvard’s possible sanctions breach

    June 11, 2025

    US military deployments in Los Angeles spark political backlash amid nationwide immigration protests

    June 11, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    EU warns Trump’s freeze of US-funded media risks aiding enemies

    March 17, 2025

    Macron Considers Sending Troops To Ukraine

    January 15, 2025

    Jordin Sparks Dragged By Beyoncé Fans Over Criticizing ‘CC’ Ticket Prices

    June 11, 2025

    Judge strikes down Trump’s executive order targeting law firm Perkins Coie | Donald Trump News

    May 3, 2025

    Housing market affordability is so stretched that home turnover hits a 40-year low  

    April 13, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.