Finance Minister Dominic LeBlanc says Ottawa is suspending a second wave of retaliatory tariffs on U-S imports coming to Canada after President Donald Trump did a flip-flop on levies against Canadian goods this week.
However, LeBlanc says an initial set of Canada’s retaliatory levies on U-S goods is still in play and will continue until the Trump administration drops all of its latest duties.
The president’s latest executive order Thursday paused some of the new duties on Canada and reduced potash levies to 10 per cent.
Trump’s order linked the relief to maintaining the flow of automobile parts within the Canada-U-S-Mexico Agreement and helping farmers who need potash for fertilizer. (19)
The latest rollback on tariffs from U-S President Donald Trump wasn’t enough to ease concerns on Wall Street as all three major indexes closed down today for the third time this week. The S-and-P 500 stock index has fallen below where it was before Trump was elected. Speaking to reporters in the Oval Office, Trump denied his tariffs were causing the drop in stock prices.
