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U.S. tariffs on all goods entering the U.S. from Canada kick in on Tuesday. Ottawa has released its list of 25-percent retaliatory tariffs that will be applied to U.S. goods entering Canada. Here are the categories that are of special interest to our industry.
- Floor coverings of plastics, whether or not self-adhesive, in rolls or in the form of tiles; wall or ceiling coverings of plastics;
- Self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes, of plastics, whether or not in rolls;
- Baths, shower-baths, sinks and wash-basins;
- Lavatory seats and covers;
- Doors, windows and their frames and thresholds for doors;
- Pretty much all pre-cut wood products, including veneer, flooring, particle board, fibreboard, plywood, wood doors and windows, shutters, post and beams, shingles and shakes, flooring panels, glulam and engineered timber;
- Power, pneumatic, hydraulic and manual hand tools of just about all kinds;
- Fans: Table, floor, wall, window, ceiling or roof fans, with a self-contained electric motor of an output not exceeding 125W;
- Chandeliers and other electric ceiling or wall lighting fittings, excluding those of a kind used for lighting public open spaces or thoroughfares.
The full list is here.
U.S. stock markets lost about 600 points (1.7 percent) on opening Monday following the weekend announcement, then gained about half the loss back following the announcement that the tariffs on Mexico would be delayed a month. Canadian markets dropped 442 points and the dollar to $0.68. Prime Minister Trudeau had a call with Trump Monday morning and another scheduled for this afternoon.