Canadian leaders are shocked after the Trump administration slapped 20% tariffs on Canadian lumber, along with individual tariffs on 5 specific firms that ranged from 3% to 24%.
Speaking to reporters on Monday Night, US President Donald Trump said his country is ready for Trade War with Canada.
“We have massive trade deficits. So when we’re the country with the deficits, we have no fear.”- he added.
U.S. Commerce Secretary Wilbur Ross also said Tuesday at the White House that Canada wasn’t being a “good neighbor,” alleging it was selling lumber at unfair prices.
Reacting to this Canadaian Foreign Minister Chrystia Freeland said they are going to play hard in defending Canada’s economic interest.
“When it comes to defending Canada’s economic interests, we’re going to play hard,” — she said.
“We’re nice guys: Politeness is something we believe is a national virtue, but it’s not an accident that hockey is our national sport,” — she added.
It is to be noted that Canada has won in every court case on lumber tariffs. Pointing this she said the tariffs will be challenged in court in the coming week.
Trump’s lumber tariffs come just months before the US, Canada and Mexico are expected to come to the table to renegotiate NAFTA, the free trade agreement.