Canada announces retaliatory tariffs on US cosmetics
In response to the tariffs imposed on Canadian goods by the US, the Canadian government has announced that it will move forward with 25 percent tariffs on US$155 billion worth of imported goods. The post Canada announces retaliatory tariffs on US cosmetics appeared first on Global Cosmetics News.
THE WHAT? In response to the tariffs imposed on Canadian goods by the US, the Canadian government has announced that it will move forward with 25 percent tariffs on US$155 billion worth of imported goods.
THE DETAILS The first phase, applied to goods worth US$30 billion, will apply to selected products, which includes cosmetics, certain pulp and paper products as well as apparel and footwear, among others.
THE WHY? The Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, reveals, “Canada is being needlessly and unfairly targeted by these tariffs – and the US’s decision leaves us with no choice but to respond to protect Canadian interests, workers and businesses. Working with provincial, territorial and industry partners, our singular focus is to get these tariffs removed as quickly as possible.”
The post Canada announces retaliatory tariffs on US cosmetics appeared first on Global Cosmetics News.
