50% US Tariff Threatens 90,000 Canadian Jobs
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The United States has put a 50% import tax on many products from Canada. This tax affects about $28 billion worth of Canadian goods, including food, clothing, and building materials. The new tax started after trade talks between the US and Canada stopped. Canadian Prime Minister Mark Carney said the talks broke down because the US made unfair last-minute demands.
The main reason for the new tax is that the US government said Canada was treating US goods, like cars and dairy products, unfairly. The US administration, led by President Trump, said the tax was needed to protect American companies and workers.
Because of this, Canada’s government plans to answer with its own import taxes on American goods. These Canadian taxes will begin on 8 September, as the government tries to defend Canadian businesses.
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Vocabulary
6 wordsto bring goods into a country legally
substances or things used for making products
government group managing public affairs or policies
to keep someone or something from harm
to support someone or something from attack
strong requests or requirements made by people
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