The EU gave the final go-ahead on Monday for a ban on imports of seal products, prompting Canada to say it would launch a challenge at the World Trade Organization (WTO).
- CBC (Image)
- Reuters (Image)
Canada and European Union plan to impose a 15% tariff on some US exports because Washington has not repealed anti-dumping law the Byrd Amendment. World Trade Organization declared the law illegal last August. The products include paper, cigarettes, oysters and live swine
European Commissioner for Trade Cecilia Malmström proposes to reduce all European Union import tariffs, also on automobiles, to zero if the United States reciprocates. President of the United States Donald Trump threatens to quit the World Trade Organization.
Leaders from the Group of Seven meet in La Malbaie, Quebec, Canada to discuss issues facing their countries, including trade between the United States and European Union.
United States tariffs of 25% on steel and 10% on aluminium imports from Canada, Mexico and the European Union are set to take effect at midnight.
U.S. Trade Representative Robert Lighthizer tells a Senate panel that President Donald Trump has decided to "pause" tariffs on steel and aluminium imports from the European Union, Argentina, Australia, Brazil, Canada, Mexico, and South Korea.