A first phase of Canadian retaliatory tariffs on American goods worth $30 billion came into effect on Tuesday. These will remain in force, says a source within the Canadian government to the AFP news agency.
The announcement comes after US President Donald Trump earlier on Thursday announced that the tariffs on goods within the USMCA – the North American free trade agreement negotiated with Canada and Mexico during Trump’s previous term – will be postponed until April 2.
According to the White House, approximately 50 percent of imports from Mexico and 38 percent of imports from Canada are covered by the USMCA agreement, reports CNBC.
The American tariffs of 25 percent were introduced earlier in the week. But on Wednesday, Trump postponed those affecting the automotive giants Stellantis, Ford, and General Motors until April 2.
