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US Treasury Secretary warns of Canadian retaliation on tariffs
U.S. Treasury Secretary Steven Mnuchin confirmed that imposing a 50% tariff on Canadian imports is a reciprocal response to Canada's trade measures against American products such as dairy and alcoholic beverages. This comes as a reaction to tariffs Canada imposed on American cars, steel, and aluminum, as well as high tariffs on dairy products. Mnuchin pointed out that Canada has been discriminating against American products and has been withdrawing alcoholic beverages from Canadian markets. The step to impose tariffs has led to an escalation of trade measures between the two countries within the ongoing trade disputes.
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