Canada announces retaliatory tariffs on wide range of US goods
Ottawa’s ‘focused response’ to levies imposed by Donald Trump on Canadian products comes after trade talks collapsed last week
TL;DR
- Canada will impose tariffs on US cosmetics, dairy, wood products, and outdoor equipment.
- The retaliatory tariffs are a response to levies imposed by the US after trade talks collapsed.
- The measures will affect C$27.6bn in imports, targeting industries like steel, dairy, and agricultural equipment.
- Most tariffs will be set at 25% or 50%, effective September 8th, and will only apply to goods originating from the US.
- The Canadian government announced over C$7bn in support for businesses impacted by the tariffs.
- The trade dispute has seen personal attacks between Canadian officials and US President Donald Trump.