Canada to impose retaliatory measures against US steel, aluminum and other products

Eren Sengezer FXStreet

Canada's Prime Minister Justin Trudeau has recently crossed the wires saying that the U.S. steel and aluminum tariffs were totally unacceptable. Furthermore, Canada's foreign minister Chrystia Freeland has announced the countermeasures they decided to take.

Will impose retaliatory measures against U.S. steel, aluminum and other products.
Will launch 15-day public consultation.
Will impose dollar for dollar tariffs against U.S. measures.
Canada will challenge U.S. tariffs under both NAFTA and WTO.
Canada continues to negotiate with U.S. on tariffs.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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