In addition to other economic measures, Deputy Prime Minister and Finance Minister Chrystia Freeland has announced the removal of MFN status for Russia and Belarus. The following is an excerpt from CTV news.
Canada is also revoking Russia and Belarus’ “most-favoured nation status” as trading partners, meaning they will be subjected to a 35 per cent tariff on their exports to Canada.
Canada is the first country to take this step, Deputy Prime Minister and Finance Minister Chrystia Freeland said Thursday, adding that the only other nation that Canada subjects to this high tariff and deprives of other associated benefits is North Korea.
Canada cuts Russia and Belarus from Most-Favoured-Nation Tariff treatment
Willson International is following this story and will provide additional details as they become available.