Connect with us

Hi, what are you looking for?

Stock

Canada considers retaliatory tariffs on orange juice, other US goods, paper says

OTTAWA (Reuters) – Canada is considering slapping retaliatory tariffs on a slew of U.S. products including orange juice in case President-elect Donald Trump imposes a 25% tariff on goods imported from north of its border, a local newspaper said on Thursday.

Orange juice is largely produced in Trump’s home state of Florida. Other items under consideration include ceramic goods, some steel products, glassware, and a slew of plastic articles, The Globe and Mail said, citing a senior government source.

The newspaper said the list of possible retaliatory targets was not final.

Canada’s Finance Ministry did not immediately respond to a request for comment.

Trump vowed in November that he would impose a steep tariff on all goods imported from Canada and Mexico on his first day as U.S. president if the two countries failed to stop a flow of migrants and the drug fentanyl across their borders.

Since then, the federal and the provincial governments in Canada have sprung into action and boosted border monitoring.

They also met with likely key officials in the Trump administration.

But Trump has so far not indicated if he would change his stance on tariffs.

This post appeared first on investing.com

You May Also Like

Editor's Pick

Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...

Investing

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In a...

Editor's Pick

Kohl’s Corporation (NYSE: KSS) shares plunged 11% following a disappointing Q3 earnings report and a sharp downgrade of its fiscal 2024 outlook. The department...

Editor's Pick

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones...



Disclaimer: Techreportdiversity.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Techreportdiversity.com