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Canada unveils $16B in reciprocal tariffs on U.S. imports

Published 06/29/2018, 12:28 PM
© Reuters.  Canada unveils $16B in reciprocal tariffs on U.S. imports
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  • Canada announces reciprocal tariffs on $16.6B of imports of steel, aluminum and other products from the U.S., effective July 1.
  • The government also releases details of a financial aid package for industries and workers caught in the crossfire, including as much as $2B in funding and loans for Canada’s steel, aluminum and manufacturing sectors.
  • The decision to strike back at Pres. Trump's tariffs has attracted wide support in Canada but domestic businesses, particularly in the steel sector, have expressed deep concerns about any escalation in the trade battle.
  • Potentially relevant tickers include AKS, AA, MT, ARNC, CENX, CMC, CSTM, KALU, NUE, ZEUS, SCHN, STLD, TS, TMST, X, WOR
  • ETFs: SLX, JJUB, EWC, CNDA, EWCS, QCAN, FCAN, HEWC, FLCA
  • Now read: Is The Canadian Dollar A Buy On The Trade War Fears?


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