Canada decided to impose retaliatory countermeasures against the US, which will cost them up to $16.6 billion, in response to the American decision to impose duties on imports of canadian steel and aluminum.
To the long list of American products will be applied a special rate, which will take effect July 1. This was announced by the Minister of foreign Affairs of Canada Chrystia Freeland.
Freeland noted that this is a very serious response from Canada because nothing like this has been for many years. She made this statement almost immediately after Justin Trudeau received information from the White house that the duties will affect Canada, the European Union and Mexico.
Canada, Mexico and the European Union was freed from customs duties on imports at the rate of 25% for steel and 10% aluminum after its introduction in March, but the period of these benefits expire on Friday, 1 June. This was announced by the U.S. Secretary of Commerce Wilbur Ross.
Freeland also called the US actions illegal and counterproductive, noting that both she and Trudeau can’t imagine how all the closest, most faithful and most important ally could be a US threat to national security.
“The government of Canada is confident that shared values and similar interests in the end outweigh manifested protectionism”, – said earlier Trudeau.