The Wednesday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Wednesday, Feb. 8
———
CANADA ISSUES WARNING ON U.S. TAX IDEA: The Canadian government is launching a pre-emptive warning for American policy-makers considering a tax on cross-border trade: If you hit us, prepare to be hit back. As she concluded a two-day trip to Washington, Foreign Affairs Minister Chrystia Freeland said Wednesday that she told U.S. politicians that Canada would strongly oppose new tariffs — and would respond in kind. That early warning comes as Congress begins a debate on a once-in-a-generation reform of corporate taxes, following a series of stalled efforts over the years under successive legislatures and administrations. Freeland said Canada doesn’t intend to provide running commentary on this debate. But she used her trip to register, for the record, Canada’s feelings about one idea being floated: She told lawmakers that if the final legislation includes a tariff-like penalty on Canadian imports, Canada would retaliate.
———


