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Canada Repeals Import Taxes on Agricultural Products

06/04/2019

Canada has rescinded the 10 percent retaliatory tariff on agricultural products imposed in July 2018 in response to U.S. tariffs on steel and aluminum.

The two nations issued a joint statement confirming that if retaliatory measures are adopted by either of the parties, these should apply only in the affected sector.

This provision will probably be moot given the high probability of Canada, Mexico and the U.S. legislatures ratifying the USMCA.