HomeAmericas

Saskatchewan's Moe announces 50% retaliatory tax on U.S. booze

Americas 2 sources 1 country 43m ago

PRINCE ALBERT — Saskatchewan Premier Scott Moe says the province will impose a reciprocal tax on American alcohol. 8, Saskatchewan will impose the 50 per cent fee. “It will be good for our Saskatchewan producers with domestic and local sales,” he told reporters Wednesday in Prince Albert, Sask.

recently implemented a 50 per cent tariff on Canadian alcohol products and a range of other goods. After trade talks broke down, Prime Minister Mark Carney promised dollar-for-dollar retaliatory tariffs starting Sept. Unlike other provinces, Saskatchewan and Alberta do not currently have a ban on American booze.

Moe said he supports Canada’s countermeasures against the United States during the escalating trade war, but he hopes both countries can get back to the negotiating table and reach a fair deal. He said a last-minute proposal by the U.S. administration to limit Canada’s ability to trade with other countries was “totally unacceptable.” Moe added Saskatchewan doesn’t support imposing export taxes on Canadian potash or oil as a way to put pressure on the United States.

“First, Canadians would lose jobs,” he said. “Second, farmers on both sides of the border would pay more for that crucial fertilizer.” This report by The Canadian Press was first published Aug. 8, Saskatchewan will impose the 50 per cent fee, the Premier said.

Summary from source
Read the full story at the source CityNews Toronto (Toronto, Canada) · CA
Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →

Covered by 2 sources