1 week ago

US Lawmakers Criticise Trump Tariffs After Canada Talks Collapse

US Lawmakers Criticise Trump Tariffs After Canada Talks Collapse
US lawmakers criticise Trump tariffs after Canada trade talks collapse · thehansindia.com

The United States and Canada tried to make a trade deal but did not agree.

The United States then placed 50% taxes, called tariffs, on some Canadian goods.

Canada said it would place similar taxes on American goods.

Lawmakers in both parties warned that this could make products more expensive.

They also said companies and farmers that depend on cross-border trade could face problems.

Canada’s prime minister said the United States had made unfair demands.

The United States trade representative said Canada changed or withdrew earlier promises.

Some US lawmakers want Congress to have more power to review presidential tariffs.

Key facts

US tariff rate
50% on a range of Canadian products
Canadian goods affected
Approximately C$28 billion worth of products, according to the Canadian government
Canada’s response
Dollar-for-dollar retaliation and additional assistance for affected workers and companies
Maine imports
Approximately $2 billion in non-petroleum products from Canada annually
US concerns
Higher consumer prices, supply-chain shortages, business disruption and uncertainty
Congressional issue
Lawmakers are seeking legislation requiring legislative review of major presidential tariffs

Quotes

Susan Collins

Republican US senator from Maine

“If the Administration proceeds with these tariffs, they will increase costs for Maine families, as most businesses will have no choice but to pass on the tariffs to their customers through higher prices.”
thehansindia.com
“asked too much and offered too little”
thehansindia.com

Sources

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