MacNaughton: Canada mulling retaliatory 232 tariff boost, eyeing USMCA timeline

Canadian Ambassador to the U.S. David MacNaughton on Tuesday said he recommends imposing dollar-for-dollar tariffs in response to the U.S. Section 232 duties on steel and aluminum, contending that a solution must be reached this month if the U.S.-Mexico-Canada Agreement is to be ratified this year. “What happened was that when the U.S. imposed the tariffs on Canada, we said we would impose retaliatory measures that were dollar-for-dollar what they did,” he told reporters on April 2. Last July, Canada...