Canada’s Deputy Prime Minister Chrystia Freeland said on Friday the idea that Canadian aluminum is a threat to the US economy is a “ludicrous notion.” Freeland further announced that Canada will start imposing tariffs on imports of certain US aluminum and aluminum-containing products from September 16th. Key takeaways “The US decision to impose tariffs on Canadian aluminum is absurd.” “Canada will impose tariffs equivalent to those imposed by the united states, does not want to inflame the situation but will not back down.” “Canada will respond swiftly and impose dollar for dollar countermeasures against US aluminum.” “Canada will consult Canadians and industry for 30 days before retaliatory tariffs are imposed, the total amount of goods subject to tariffs will be C$3.6 billion.” Market reaction The USD/CAD largely ignored this announcement and was last seen gaining 0.53% on the day at 1.3375. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Elrond Technical Analysis: ERD/USD has a 4-hour breakout towards $0.025 FX Street 2 years Canada's Deputy Prime Minister Chrystia Freeland said on Friday the idea that Canadian aluminum is a threat to the US economy is a "ludicrous notion." Freeland further announced that Canada will start imposing tariffs on imports of certain US aluminum and aluminum-containing products from September 16th. Key takeaways "The US decision to impose tariffs on Canadian aluminum is absurd." "Canada will impose tariffs equivalent to those imposed by the united states, does not want to inflame the situation but will not back down." "Canada will respond swiftly and impose dollar for dollar countermeasures against US aluminum." "Canada will consult Canadians and industry… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
