Canada Drops Retaliatory Seafood Tariffs on US in Response to Industry Requests
Sen. Susan Collins of Maine said she appreciated Canada's decision to remove the tariff from its list, noting that it would have caused “tremendous harm.”
TL;DR
- Canada has dropped counter-tariffs on U.S. seafood and fish products.
- The decision was made after feedback from affected Canadian industries.
- The United States imposed 50 percent tariffs on Canadian exports starting August 22.
- Canada planned to respond with tariffs on CA$27.6 billion worth of U.S. imports, ranging from 15 percent to 50 percent, starting September 8.
- Other Canadian counter-tariffs on U.S. products like steel, aluminum, paper, and vehicles will remain.
- The planned 25 percent tariff on fish and seafood, including trout, carp, tuna, lobster, oysters, shrimp, and salmon, has been removed.