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As Canada taxes everything from whiskey to cucumbers, the majority of US states could suffer

rocky
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As Canada taxes everything from whiskey to cucumbers, the majority of US states could suffer Empty As Canada taxes everything from whiskey to cucumbers, the majority of US states could suffer

Post by rocky on Sat 30 Jun 2018, 12:41 pm

As Canada taxes everything from whiskey to cucumbers, the majority of US states could suffer



Heather Timmons
10 hrs ago















As Canada taxes everything from whiskey to cucumbers, the majority of US states could suffer AAzlB1M ©️ Provided by Quartz
Today, the Canadian government released a long list of US products worth C$16.6 billion ($12.6 billion) that will be subject to new import taxes.

The taxes are a direct response to Donald Trump’s steel and aluminum tariffs imposed in May, and will likely directly impact jobs and companies across the US. In 2017, 36 US states counted Canada as their largest export market.

Dozens of steel products will be hit with 25% taxes, including forged steel, and several flat-rolled products (which are cut up to manufacture metal goods). Dozens more aluminum and consumer products will be taxed at 10%, in a move that will hit US companies from beauty product suppliers to boat manufacturers to dairy farms. The list includes:


  • coffee, roasted (not decaf)
  • toilet paper
  • strawberry jam
  • mayonaise
  • ketchup
  • liquorice
  • prepared meats, bovine
  • cucumbers and gherkins
  • whiskies
  • hair lacquers
  • manicure and pedicure preparations
  • organic face washes
  • automatic dishwasher detergent
  • playing cards
  • ball point pens
  • inflatable boats


As Canada taxes everything from whiskey to cucumbers, the majority of US states could suffer AAzlFER ©️ Provided by QuartzOverall, Canada is the US’s second-largest trading partner after China , the largest market for US agriculture, and the US’s most important security partner, as Quartz wrote earlier.

Canadian officials said they had no choice but to react to Trump’s tariffs. “It is with regret that we take these countermeasures, but the U.S. tariffs leave Canada no choice but to defend our industries, our workers and our communities,” said foreign minister Chrystia Freeland.



http://www.msn.com/en-us/money/markets/as-canada-taxes-everything-from-whiskey-to-cucumbers-the-majority-of-us-states-could-suffer/ar-AAzlHyh?li=BBnb7Kz&ocid=U453DHP

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