President Donald Trump threatened to slap a new 250% reciprocal tariff on Canadian lumber and dairy products, perhaps as soon as Friday, one day after pausing a 25% tariff on other Canadian goods.
Trump made the comments to reporters in the Oval Office on Friday, citing Canada’s 250% tariffs on U.S. dairy exports to the north.
“Canada has been ripping us off for years on lumber and on dairy products,” Trump told reporters. “They will be met with the exact same tariff unless they drop it. That’s what reciprocal means.”
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