Canada Adds New Retaliation Tariffs on U.S. Goods
Canada will match Washington’s new tariffs dollar for dollar after talks collapsed, as the levy covers $20 billion in Canadian goods.
- On Tuesday, Canada announced retaliatory tariffs against the United States, escalating a trade conflict that intensified sharply after negotiations with the Trump administration collapsed late Friday.
- President Donald Trump imposed a 50% levy on about $20 billion of Canadian goods Saturday, covering more than 500 product categories including alcohol and steel after talks broke down.
- Trade expert Julian Karaguesian at McGill University noted the tariffs will "effectively price hundreds of Canadian goods out of the US market," while the Business Roundtable warned measures "risk raising costs for American businesses and families."
- President Trump told Canadian leaders to "fall in line" or face consequences "far WORSE," while Canadian Prime Minister Mark Carney said US demands were "not something we're going to accept."
- Canadian retaliatory measures targeting steel, dairy, and appliances begin September 8, as analysts warn the conflict will "get worse before it gets better" without resolution.
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