TORONTO (AP) — Canada will announce Canadian $29.8 billion ($20.7 billion) in retaliatory tariffs in response to the 25% steel and aluminum tariffs that U.S. President Donald Trump has leveled, a senior Canadian government official said Wednesday.
The official spoke on condition of anonymity because they weren't authorized to speak before the announcement.
The European Union on Wednesday also announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%.
Canada is the largest foreign supplier of steel and aluminum to the U.S.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
