Offbeat Canada officially strikes back against US tariffs
Russia to impose duties on American goods after US sets metals tariffs
Russia will impose import tariffs on certain goods from the United States in response to duties imposed by Washington on steel and aluminum imports, Economy Minister Maxim Oreshkin said on Tuesday. The tariffs will target goods that have domestic equivalents in Russia, and the move will not affect Russian macroeconomic performance, Oreshkin said.The measures will serve a "balancing" function, Oreshkin said, after Washington in March imposed tariffs of 25 percent on steel and 10 percent on aluminium, in a move mainly aimed at curbing imports from China.
US tariffs on bn worth of Chinese imports take effect as China imposes countermeasures against American goods. A trade war broke out between the world's two largest economies, after China struck back on Friday with its own set of tariffs on American goods, shortly after the US levied bn
SHANGHAI — Accusing the United States of “typical trade bullying,” China on Friday imposed billion in retaliatory tariffs on American soybeans, cars and Still, some consumers said they could imagine making do without iPhones or American cars as a way to strike back against Washington.
Canada struck back at U.S. steel and aluminum tariffs Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.
Foreign Minister Chrystia Freeland said the tariffs would take effect as planned on July 1 and stay in place "until the United States eliminates its trade restrictive measures against Canada."
The Liberal government said last month it would retaliate after U.S. President Donald Trump moved against steel and aluminum imports, citing security grounds.
"We will not escalate and we will not back down," Freeland told a televised news conference at a Stelco Holdings Inc plant in the Ontario steel city of Hamilton.
Freeland said Ottawa was acting with a deep sense of regret and stressed the closeness of the overall relationship between Canada and the United States.
The aid package largely consists of up to C$1.7 billion in commercial financing and insurance for companies in the steel and aluminum sectors and related industries.
($1=1.3141 Canadian dollars) (Reporting by David Ljunggren Editing by Chris Reese and Dan Grebler)
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