Freeland vows to ‘not behind down’ as Ottawa reveals $2B in aid, new tariff targets

The sovereign supervision denounced an updated list of U.S. products that are about to be slapped with tariffs while earnest to spend adult to $2 billion to strengthen steel, aluminum and production jobs on this side of a limit in a arise of a burgeoning trade fight with a U.S.

Foreign Affairs Minister Chrystia Freeland revealed a final list of $16.6-billion value of retaliatory tariffs on U.S. products, including steel and aluminum during a stop during a Hamilton steel bureau Friday.

At a finish of May, Freeland and Prime Minister Justin Trudeau announced their intentions to levy dollar-for-dollar tariffs on some U.S. products and sought feedback.

On Friday, a supervision suggested its edited list.

While most of it stays a same — tariffs on U.S. whisky, grass mowers, ketchup and maple syrup sojourn in place —  there have been some tweaks.

The supervision combined some items, such as cast-iron grills, refrigerator-freezers and pillows, to a list and removed others: steel and iron drink kegs and prepared mustard.

The tariffs will go into outcome Sunday. 

“We will not enhance and we will not behind down,” Freeland said Friday.

Freeland, Innovation Minister Navdeep Bains, and Employment and Labour Minister Patty Hajdu also announced that their supervision will offer remuneration to influenced businesses and will tweak a practice word module to keep workers in Canada.

The measures are in response to U.S. President Donald Trump’s preference to levy 25 per cent tariffs on Canadian steel and 10 per cent tariffs on aluminum, citing inhabitant confidence concerns.

Freeland called a logic “absurd” and “hurtful.”

The supervision says it will pierce on a series of stairs to assistance urge a influenced industries by:

• Extending EI work-sharing agreements by 38 some-more weeks.
• Offering influenced businesses liquidity support.
• Increasing appropriation to a provinces and territories for pursuit and training programs
• Spending adult to $250 million to “better confederate a Canadian supply sequence of steel and aluminum.”
• Investing $50 million to assistance companies variegate where their products are exported to.

Of a affianced $2 billion, about $1.7 billion is earmarked to assistance business conduct an capricious financial future.

Export Development Canada will make $900 million accessible over a subsequent dual years in blurb financing and word to companies in a steel and aluminum sectors and associated industries.

The Business Development Bank of Canada will make another $800 million in financing accessible for companies “with viable business strategies navigate by a marketplace turbulence.”

“This financing could assistance companies enhance into new markets, boost operational and environmental efficiency, or squeeze new record and equipment,” reads a matter from Global Affairs Canada.

According to supervision figures, a Canadian steel attention employed some-more than 23,000 Canadians in 2017.

Article source: https://www.cbc.ca/news/politics/tariff-list-freeland-1.4727886?cmp=rss