Liberal’s reverse counter tariffs on U.S. fish and seafood days after announcing them

The Liberal government has reversed Canadian tariffs against U.S. seafood products days after announcing the trade war measure after recieving “feedback” to avoid “broader economic harms.”

Francois-Philippe Champagne on Facebook

The federal government’s finance department announced a reversal of its planned “dollar-for-dollar” fishing industry tariffs against the U.S. after listening to “feedback” in a bid to avoid “broader economic harms” the counter-tariffs could cause.

The move comes just two days after the Liberals announced $27.6 billion in counter-tariffs covering more than 700 American products with tax rates ranging as high as 50 per cent.

The Liberal government announced the countermeasures on Tuesday in response to a breakdown in Canada-U.S. trade talks and U.S. President Donald Trump’s threat of a new 50 per cent tariff against Canada’s automotive and steel industry.