Michigan Could Lose a Billion Dollars as Canada Announces New Tariffs on U.S. Goods
In response to the United States slapping fees on Canadian steel and aluminum, our neighbors to the North have announced retaliatory taxes that could cost Michigan more than a billion dollars.Yogurt, whiskey, toilet paper, chocolate, cucumbers, insecticides, fungicides, ball point pens, sailboats, strawberry jam and sleeping bags imported to Canada from the United States may soon be levied with a duty fee.
MSN reports "Prime Minister Justin Trudeau announced that Canada will impose retaliatory tariffs on $12.8 billion worth of US goods in response to Trump's metals tariffs." An accompanying infographic shows that this will cost Michigan more than a billion dollars. The Midwest will suffer most, as Ohio sent $1.75 billion worth of goods to Canada in 2017, with Michigan second at $1.17 billion.
Unless President Trump lifts tariffs on Canadian steel and aluminium, Canada hits back with its own fees beginning July 1.