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US Trade Rep Threatens New Tariffs If Canada Keeps Retaliation
Jamieson Greer warned Friday that the administration will escalate duties unless Ottawa reverses its countermeasures against US steel and aluminum.
Key Points
- Greer warned of new US tariffs if Canada does not lift counter-tariffs on steel and aluminum.
- Investors sold high-exposure industrial and auto names to de-risk supply chain costs.
- The dispute threatens to raise input costs for US manufacturers reliant on Canadian raw materials.
What To Watch
- Official response from the Canadian government regarding the lifting of counter-tariffs.
- Announcement of specific new US tariff rates if the standoff continues.
- Changes in cross-border shipping and trucking volumes indicating real supply chain disruption.