Trump's latest round of 50% tariffs on Canadian goods now in effect
The duties cover about $2.56 billion in Canadian exports and hit cheeses, motorboats and ATVs as trade tensions deepen.
- On Tuesday, the U.S. imposed 50 per cent tariffs on 110 Canadian products including motorboats and furniture, escalating the trade war that stalled after failed August negotiations.
- Canada retaliated by imposing tariffs on nearly 700 categories of American goods, which took effect Sept. 8, following the collapse of bilateral trade negotiations in August.
- The White House simultaneously removed tariffs on 10 items including salt and toilet paper to "offset the burden to U.S. commerce," though Wolfgang Alschner noted the values are "basically the same."
- Experts warn regional trade disruptions threaten small businesses with closure and job losses, as a Canadian brewery announced plans to relocate operations to preserve access to customers.
- Economist Andrew Dicapua suggested the muted U.S. response to countertariffs signals a deal could come "fairly soon," while Prime Minister Mark Carney said the government is evaluating sector-specific impacts.
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131 Articles
National Post
Loonie Politics10/3 podcast: Canada-U.S. trade war: How did two neighbours become rivals?
If Canada and the U.S. were homes on a street, they’d be locked in what could be politely called one of the worst neighbour disputes their quiet town of North America has ever seen. One neighbour complains about how the other treats their kids, while the second neighbour is worried the first is going to unilaterally move the fence into their yard. And tensions are on the rise. But how did two friendly neighbours run into such problems? National …
"Ultimately, even in times of disagreement, throughout our long, shared history, we have always maintained close relations," the Canadian prime minister added.
TVA Nouvelles
Washington raised customs duties on a series of Canadian products during the trade war on Tuesday
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