Canada Announces Retaliatory Tariffs on 700 U.S. Products. Follow for Live Updates.
Canada will impose duties of 15% to 50% on 700 U.S. products and pair them with a $5.4 billion support package, officials said.
- On Tuesday, Canada announced retaliatory tariffs on more than $20 billion worth of U.S. imports, aiming to match President Donald Trump's levies "dollar for dollar." The measures take effect Sept. 8 on 700 products including electronics and tools.
- President Donald Trump imposed 50% tariffs on about 5% of Canadian imports Saturday, describing the terms as "unfair" and "uneconomic." Prime Minister Mark Carney noted these duties triggered escalation after trade talks collapsed last week.
- Canadian Finance Minister Philippe Champagne announced a $5.4 billion support package to cushion economic impact. He described the counter-tariffs as "proportionate, targeted and strategic," designed to "level the playing field" against Trump's agenda.
- Rhetoric escalated sharply as Premier Doug Ford told Trump to "kiss my as**," while the president threatened to rename Lake Ontario as "Lake America." Minister of Industry Joly defended the Great Lakes in response.
- Patty Hajdu, Canada's minister of jobs and family, stated, "We will not allow any nation to determine our future." Officials emphasized that current measures aim to protect Canadian industry rather than collect revenue.
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Canada to impose counter-tariff on over $20 billion of U.S. goods
Canadian federal government officials said Tuesday that Ottawa will impose 15% to 50% counter-tariff on over $20 billion of U.S. goods, effective September 8. The post Canada to impose counter-tariff on over $20 billion of U.S. goods appeared first on KYMA.
Canada announces retaliatory tariffs on 700 U.S. products. Follow for live updates.
U.S. President Donald Trump took to Truth Social early Tuesday morning amid his ongoing trade war with Canada, expressing his love for French Canadians while openly considering renaming Lake Ontario to “Lake America.”
Canada to Slap Tariffs Up to 50% on $20 Billion in U.S. Imports, Officials Say
Internewscast Journal Internewscast Canada moved Tuesday to answer Washington’s latest trade action, announcing retaliatory tariffs… This Post: Canada to Slap Tariffs Up to 50% on $20 Billion in U.S. Imports, Officials Say first appeared on Internewscast Journal
Canada retaliated against the United States today with tariffs on about $20 billion worth of American goods, including steel, dairy products, home appliances and farm equipment in a sharp escalation of the trade war between the two once friendly neighbours.
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