04 Nov US Canada Trade War Continues With Banned Goods
The end of September saw the US ban a range of Canadian imports, covering approximately $967 million in trade, with alcohol making up 87% of the total. This is in addition to the US tariffs announced on Canadian goods that saw Canada instill retaliatory tariffs on US products.
The product categories identified include beer (made with malt), wine, cider, spirits (such as whisky, vodka, run and brandy), certain dairy products (including various forms of whey), molasses, non-alcoholic beer and motorcycles as well as mopeds with engines larger than 8700cc.
The US has also announced changes to the Section 338 tariff list, with rock salt and cement being exempted, whilst all-terrain vehicles and additional dairy products were added.
Other exports exempt from the new Section 338 tariffs include energy products, potash, critical minerals, fish, and seafood, as well as goods already covered by Section 232 tariffs such as steel, aluminium, copper, and many auto parts.
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