Now Reading: Canada must end retaliation to avoid new US tariffs: Greer
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Canada must end retaliation to avoid new US tariffs: Greer
US Trade Representative Jamieson Greer has told Canada it must scrap retaliatory trade measures against American products to avoid 50% duties on an additional $20 billion of Canadian goods from August 19.…
The Story in Brief
US Trade Representative Jamieson Greer has told Canada it must scrap retaliatory trade measures against American products to avoid 50% duties on an additional $20 billion of Canadian goods from August 19. Speaking at the Iowa State Fair, Greer said US wants Canadian provinces to reverse bans on American alcohol sales and address dairy protectionism and procurement rules. He called the ongoing talks in Washington constructive but warned the US will not tolerate retaliation.
Canadian provinces offered conditional responses. Quebec's economy minister said dairy quota allocation is negotiable but not without reciprocal gains. British Columbia's premier said the long-standing softwood lumber dispute needs resolution. The US insists it is not waging a trade war but protecting domestic supply chains, while Canadian leaders warn the threatened tariffs would cause severe damage.
The Indian Opinion
Both sides are painting this as a principled stand, but the real story is a familiar spat over dairy and lumber that predates Trump. Canada's supply management system is protectionist, and US tariffs on softwood lumber are equally self-serving. The narrative of a sudden trade war ignores decades of managed friction. The Aug 19 deadline will test whether Quebec's conditional offer on dairy quotas is enough to break the impasse, or if both capitals prefer the status quo of tit-for-tat.
Source: livemint.com
This story was synthesised by AI from the source linked above.
