Washington raised tariffs on a range of Canadian products on Tuesday, subjecting certain types of cheese, animal fur, motorboats and paper or steel products to additional tariffs of 50% upon entering the United States, in the latest move in the trade dispute between the two countries.
Exemptions from additional tariffs
By contrast, Washington exempted goods that had previously been subject to additional tariffs at the same rate, including toilet paper, cement and whisky packaged in containers with a capacity of more than 4 litres.
The changes had been announced last week, after Ottawa imposed tariffs on U.S. products in response to additional tariffs previously imposed by Washington.
Import ban to begin on September 29
The U.S. government also plans to ban imports of certain Canadian products from September 29, including alcoholic beverages and dairy products such as whey, as well as large motorcycles with engine capacities exceeding 800 cubic centimetres.
Canada’s reliance on the U.S. market
Over decades, the Canadian economy developed a heavy reliance on the U.S. market, which receives about three-quarters of Canada’s exports, benefiting from the presence of the world’s largest market on its border.
