US tariffs on Canada are a "targeted measure," says Greer

Investing.com -- U.S. Trade Representative Jamieson Greer said Tuesday that the Trump administration's tariffs on Canada are a "targeted measure" to counter Ottawa's trade moves, according to a CNBC interview.

Greer said Canada gives other countries better deals and that the action is tailored. He added that the U.S. has been asking Canada for a year to remove its retaliation to Trump's tariffs.

The USTR said he has a good relationship with Canadian counterparts and that the U.S. wants issues fixed. Greer said talks with Canada have not been cut off and that the U.S. will keep talking to Canadian counterparts.

On the U.S.-Mexico-Canada Agreement, Greer said Trump has already taken related actions in some ways. He said Trump wants the deficit to go down and that the U.S. wants more auto manufacturing in the country. Greer added that the administration wants to emphasize U.S., Canadian, and Mexican content in North American goods.

Greer said the U.S. needs to have outcomes that are good for American businesses and that the U.S. and Canada are always going to trade.

The United States imposed a 50% tariff on numerous Canadian products late Monday. The White House said the action responds to Canada's treatment of American cars, alcohol, and dairy products. The tariffs cover products including wine, hockey sticks, and cement.

Energy, potash, products already subject to Section 232 tariffs, fish, and critical minerals are exempt from the new tariffs.

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