Published: Wed, June 20, 2018
Money | By Armando Alvarado

Trump's latest swipe at Canada? Smuggling US shoes

Trump's latest swipe at Canada? Smuggling US shoes

But he admits Trump has a point when it comes to the export of USA dairy products to Canada. "The tariffs to get common items back into Canada are so high, that they have to smuggle them in".

Trump claimed that because of Canada's high tariffs, Canadians were coming into the US and "smuggling things back" to avoid the duties.

Trump floated that the USA could instead do "one-one-one" trade deals with Mexico and Canada.

Trump said that Canada produced energy and timber but that it was time for them to stop taking advantage of the United States on trade. "They scuff 'em up to make 'em sound old, or look old". Canadians do not pay duties on USA -made goods when they bring them back to Canada; they merely pay the harmonized sales tax or goods and services tax.

In reference to the trade dispute Trump recently picked with Canadian Prime Minister Justin Trudeau, the president claimed that our neighbor to the North is a nation of round bacon eating footwear smugglers.

Cross-border shopping is now being used by the US President to call NAFTA one of the worst trade deals ever made.

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But it is the investigation launched by the Department of Commerce - using the same national security clause - into whether tariffs should be slapped on cars and light trucks entering the US that sparked major concern Tuesday for Conservative and New Democrat MPs.

According to the Canadian Border Services Agency, Canadians who visit the US for at least 24 hours qualify for an exemption on taxes and duties up to $200.

Trump also blasted Canada's supply management system for dairy and poultry, calling it a "barrier".

"We will be using that feedback to modify the list", she said. Alan Knuckman, chief market strategist at Agora Financial, offers insight into the selling from the trading floor in Chicago, and whether we'll see a bounceback by the close.

Freeland told the committee the "absurd and insulting" USA metal tariffs will be met with a firm response on July 1. Based on tariff data, the United States and Canada aren't too far off in their treatment of goods - including shoes.

The comments came as Trump tries to justify an escalating trade battle with Canada over new steel and aluminum tariffs from the Trump administration. And it has launched an investigation into whether tariffs should be slapped on cars and light trucks entering the USA using the same national security clause.

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