Retaliatory Tariffs from Canada
From the Ag Information Network, I’m Bob Larson. U.S. farm exports face possible retaliatory Canadian tariffs after talks between the two nations collapsed, triggering 50% U.S. duties on many Canadian exports, including farm goods.
U.S. dairy producers and exporters face reduced Canadian market access if Canada’s retaliatory measures limit U.S. dairy imports starting September 8th.
Canadian dairy, honey, sugars, soy proteins, farm inputs, and equipment will now face higher U.S. tariffs.
U.S. Trade Ambassador Jamieson Greer on MSNBC …
GREER … “The Canadians over a year ago, they prohibited the sale of wine and spirits, they put limits on how many autos could go into Canada, and even before that, they restricted the sale of U.S. dairy into Canada.”
Canadian Prime Minister Mark Carney vowed at an Ottawa press conference “dollar-for-dollar” retaliation, accusing the U.S. of moving the goal post …
CARNEY … “In recent days, the United States proposed new terms that were uneconomic, unfair and undermined the net benefits for Canada, and called into question the reliability of any deal.”
Greer argues it was the Canadians who walked away …
GREER … “We told the Canadians, here are some things where we think we can deliver you the best deal in the world, where you’ll have preferential access over every other country into the United States, and you will be the most preferred partner, and they said we actually need a better situation than that and walked away.”
Last-minute hitches included Canada’s new demand for lower tariffs on heavy trucks.
President Trump stressed before the deal collapsed that it would be “great for our farmers.” No new talks had been planned, and some reports say the 50% U.S. tariffs will likely be challenged in court.
