US EditionCanada Says Most Tariffs on US Remain, Pushing Back on Oxford Report
- Canada's finance minister Francois-Philippe Champagne said on May 17, 2025, that 70% of retaliatory tariffs on U.S. goods remain in place since March.
- This statement challenged a May 13 report by Oxford Economics that suggested Canada had lifted the majority of tariffs on a large volume of U.S. imports.
- Canada imposed 25% countertariffs on U.S. products after U.S. tariffs started under Donald Trump's administration, with some exemptions for health and manufacturing.
- In a social media update, Champagne highlighted that Canadian tariffs remain in place on approximately 70% of U.S. goods, which amounts to exports valued around 42 billion Canadian dollars excluding the automotive sector, challenging the assertions made by Oxford Economics.
- The dispute suggests Canada continues its trade defense strategy, keeping most tariffs active while temporarily exempting certain goods for public safety and manufacturing needs.
14 Articles
14 Articles
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Canada says most tariffs on US remain in place
Ottawa: Canada's finance minister says the government is keeping 25% retaliatory tariffs on tens of billions of US dollars in US goods, disputing a report from a research firm that suggested it had paused the vast majority of those levies.
TVA Nouvelles
François-Philippe Champagne refuted an Oxford Economics report that claimed that almost all counter-tariffs were suspended.
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