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Canadian Tariffs on U.S. Goods Began Sunday
USAgNet - 07/06/2018

U.S. farmers and food producers are in the crosshairs of a global trade conflict that shows no signs of abating anytime soon -- and trade tensions escalated in a big way Sunday.

New tariffs were imposed by Canada on beef, and more retaliation will come this week when China and Mexico take aim at pork. China's also planning a 25 percent tariff on soybeans this Friday in addition to hikes on pork duties, and Mexico's 20 percent levy on "the other white meat" is set to begin Thursday, reports CNBC.

Meanwhile, the European Union's initial duties worth $3.2 billion took effect June 22. Most of the duties amount to 25 percent, and include a variety of U.S. products, including motorcycles, boats, whiskey and peanut butter. All three U.S. allies announced new tariffs in response to the Trump administration's decision to impose levies on imported steel and aluminum products for national security reasons.

Separately, China is preparing to unleash a wave of new tariffs of 25 percent on 545 U.S. products valued at $34 billion, including soybeans and some dairy products. The duties become effective this Friday, with U.S. autos also a target of Chinese import duties.

For Canada, tariffs of 10 percent are being imposed on about $12.5 billion worth of U.S. products. Starting Sunday, a wide range of U.S. staples were hit, including chocolate, ketchup, yogurt, beef, caffeinated roasted coffee, orange juice, maple syrup, salad dressing and soups.

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