Trump dropping some Canada tariffs but 'replacing' them with other products
Source: CNBC ·
Sen. Susan Collins announced Canada was dropping Canadian tariffs, but the White House later said it was "replacing" the ones removed from the list.
From the source
The White House on Friday said it would drop tariffs on some Canadian goods , but replace them with other products from the major U.S. trade partner. The move was revealed after Sen. Susan Collins , R-Maine, took credit for pushing the Trump administration to issue tariff exemptions on several categories of Canadian imports she says are "crucial" for her state's industries. But Collins' announcement, which The Wall Street Journal first reported, did not mention that while tariffs would be removed for some Canadian products, new ones would be added to the list of goods subject to steep U.S. duties. The White House announced the new tariffs less than an hour after Collins touted the new exemptions to the tariffs, which are unpopular in the state where she's fighting for reelection. President Donald Trump earlier Friday signed a proclamation "removing certain products" from the list of items that he slapped 50% tariffs on over the summer using a 96-year-old trade law. But he is…