EU and Canada Respond to the US tariffs on Aluminum and Steel

The European Union announced retaliatory tariffs against the US imposing a 25% import tariff on aluminum and steel, focusing on U.S. industrial and farm products valued at 26billion euros.

Products such as 

• steel and aluminum products

• textiles

• home appliances

• agricultural goods

• beef

• poultry

• motorcycles

• bourbon

• peanut butter and 

• jeans

Additional information can be found on the Global News website

Canada is also retaliating against the 25% steel and aluminum tariff, announcing today that tariffs will be imposed against $29.8 billion worth of American goods. More details will be shared regarding the list of impacted items.

Additional information can be found on the CBC News website.

 Additionally, the Bank of Canada cut interest rates today by 25 basis points to 2.75% due to the current trade war between Canada and the U.S..

Additional information can be found on the CBC News website.