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MNI BRIEF: Canada Remains Willing To Tax Oil Exports To U.S.

USPolicy NewsCanadaBriefStoryNorth America

MNI (OTTAWA) - Canada remains willing to impose a tax on oil exports to the U.S. in retaliation for Donald Trump's tariffs, after avoiding that tool in the first round to ensure no region or industry faces a disproportionate hit from the trade war, a senior government official said Sunday.

Canada's first round of tariffs -- in retaliation for Trump's 10% levy on oil and 25% on other goods on Saturday -- is aimed at some high-profile items like orange juice and motorcycles designed to bring pressure from American voices on Trump, an official told reporters. Those tariffs meant to respond firmly without escalation, the official said in response to questions from MNI. (See: MNI INTERVIEW: BOC To Cut Faster And Deeper In Trade War)

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MNI (OTTAWA) - Canada remains willing to impose a tax on oil exports to the U.S. in retaliation for Donald Trump's tariffs, after avoiding that tool in the first round to ensure no region or industry faces a disproportionate hit from the trade war, a senior government official said Sunday.

Canada's first round of tariffs -- in retaliation for Trump's 10% levy on oil and 25% on other goods on Saturday -- is aimed at some high-profile items like orange juice and motorcycles designed to bring pressure from American voices on Trump, an official told reporters. Those tariffs meant to respond firmly without escalation, the official said in response to questions from MNI. (See: MNI INTERVIEW: BOC To Cut Faster And Deeper In Trade War)