As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:
Canada on Sunday imposed retaliatory tariffs on $12.5 billion worth of U.S. exports, the latest in a series of escalating trade conflicts between the Trump administration and top U.S. allies.
The new duties come after the Trump administration ended Canada’s exemption from the U.S. tariffs on steel and aluminum imports. The European Union recently imposed its own retaliatory tariffs, targeting specific products like bourbon to put political pressure on GOP leaders. Kentucky, represented in the Senate by Majority Leader Mitch McConnell, the top producer of bourbon.
The article goes on to state the following:
Along with new steel and aluminum tariffs, President Trump has threatened to impose as much as $500 billion in new tariffs on China and is considering a 25 percent tariff on automotive imports.
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