Source: Tom Johnston, MEATINGPLACE, 6/29/18



Canada today announced it would make good on a threat of retaliatory tariffs on more than $12.6 billion worth of U.S. products, effective July 1.

Among the casualties of Canada’s response to the U.S. steel and aluminum tariffs on Canada is about $170 million worth of U.S. beef products.

“These retaliatory tariffs were and still are clearly avoidable, and the unfortunate casualties will be Canadian consumers and America’s cattlemen and cattlewomen,” said Kent Bacus, Director of International Trade and Market Access for the National Cattlemen's Beef Association, in a news release. “We may not know the extent of the damage these tariffs may have on our producers, but we believe that cooperation is a better path forward than escalation.”

President Trump announced in March tariffs of 25 percent and 10 percent, respectively, on imported steel and aluminum, initially exempting Canada but later folding that country in.

Canada’s action is the latest response to the Trump administration’s trade policies that also have roiled China, the European Union and Mexico.

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