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Canada Has Taken in Almost $300 Million From Retaliatory Tariffs on U.S. Imports

(Kathleen Harris – CBC News)

Canada collected nearly $300 million in surtaxes in the two months after it slapped U.S. imports with retaliatory tariffs.

Figures from the Canada Border Services Agency provided to CBC News show that in July and August 2018, surtaxes worth more than $286.5 million were charged on imports of American steel, aluminum and a variety of other goods, including handkerchiefs, coffee, icing sugar and sweetened or carbonated mineral waters.

A spokesman for Finance Minister Bill Morneau said the money will be funnelled to Canadian industries hit by the Trump tariffs.

“We are committed to making sure that every dollar raised in reciprocal tariffs is given back in the form of support for affected sectors,” said Pierre-Olivier Herbert. Click here to read more.