As of Sunday, Canada has placed higher tariffs on U.S. beef imports. Kent Bacus, NCBA Director of International Trade and Market Access, says Canada has finally followed through on actions it’s been threatening for months.
“Canada has followed through on a threat to slap a tariff on $170 million worth of U.S. beef products in direct response to the steel and aluminum tariffs,” he said. “Now, they’ve made good on that threat.
He noted those retaliatory tariffs are clearly still avoidable. The unfortunate casualties Bacus said, will be Canadian consumers, as well as American cattlemen and cattlewomen. He added that the NCBA may not know the extent of the damage done to American producers, but the NCBA says cooperation is a better path forward than escalation.
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