Canada imposes retaliatory tariffs on U.S. goods
Canada announced a series of tariffs ranging from 15% to 50% on U.S. imports, mirroring measures announced by the United States and set to take effect on Sept. 8.
Canada said it will levy new tariffs on a variety of American products, including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, as the trade dispute with the United States escalates. Finance Minister François-Philippe Champagne announced that the duties will match U.S. tariffs "dollar for dollar, rate for rate," with rates of 15%, 25% and 50% slated to begin on Sept. 8.
"When the United States asked too much and offered too little, we chose to stand up for Canadians," Champagne said. "Canada's counter-tariffs are designed primarily to provide protection for Canadian industry impacted by U.S. tariffs and allow them to compete against U.S. products in the Canadian market. It's all about fairness, a level playing field, and supporting Canadian workers and businesses," he added.
The move follows President Trump's recent imposition of 50% tariffs on numerous Canadian goods and his threat of additional measures after trade talks stalled. Earlier remarks by the U.S. president criticized Canada and its leaders, prompting Justin Trudeau to describe the trade actions as akin to an attack.