President Trump announced Friday he would place reciprocal tariffs on Canadian dairy and lumber if they don’t drop their rate.
“Canada has been ripping us off for years on tariffs for lumber and for dairy products, 250%,” Trump told reporters in the Oval Office. “Nobody ever talks about that, 250% tariff, which is taking advantage of our farmers. So that’s not going to happen anymore.”
“They’ll be met with the exact same tariff unless they drop it, and that’s what reciprocal means. And we may do it as early as today, or we’ll wait till Monday or Tuesday, but that’s what we’re going to do.”
