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6-6-2018
Report Highlights: On May 31, 2018, Canada announced its intention to impose countermeasures against up to $12.8 billion of steel, aluminum, and other products from the United States, including agricultural exports worth nearly $2.5 billion in 2017. Targeted agricultural products could face a 10 percent tariff from July 1, 2018.
Following the United States decision to impose tariffs on imports of certain steel and aluminum products from Canada (at rates of 25 percent and 10 percent, respectively), the Canadian government announced countermeasures against up to $12.8 billion ($16.6 billion CAD) of imports of steel, aluminum, and other products from the United States.1 The targeted countermeasure value roughly approximates the value of Canadian exports in 2017 that would be affected by U.S. measures.
The agricultural products covered by Canada’s announcement are listed in Table 2, and could be subject to a 10 percent “surtax.” Canada intends to implement this measure on July 1, 2018. In the meantime, interested stakeholders have until June 15, 2018 to submit comments to Canada’s Department of Finance.
The following table includes the full list of agricultural products covered by the Canadian announcement, as well as the 2017 value of imports from the United States, and a five-year average. The product categories listed are taken directly from the Canadian Customs Tariff Schedule, and can include various products under a seemingly specific heading. For example, Canadian imports from the United States under HS 2103.90 include $191.5 million of sauces, $100.7 million of condiments and seasonings, $74.4 million of salad dressing and $34.4 million of mayonnaise. For a more detailed description of the HS codes please consult Canada’s Customs Tariff Schedule.
Click here for full report and to see table.
