Canada to impose retaliatory tariffs on US goods from Sept 8 as trade talks collapse
The dollar-for-dollar retaliation would target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics, he said from Ottawa.
The United States has imposed retaliatory tariffs on Canadian goods, effective September 8, after trade negotiations between the two countries collapsed. The tariffs will target approximately 5% of all Canadian products shipped to the United States annually, encompassing a wide range of items from hockey sticks to electronic equipment.
Canadian Prime Minister Justin Trudeau's government vowed to match the U.S. measures "dollar for dollar," targeting steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Canada had previously offered to drop retaliatory tariffs on steel, aluminum, and automobiles if the United States significantly reduced its own tariffs, but deemed Washington's demands "too much and offered too little."
The breakdown in negotiations highlights the deep economic ties between the two nations, with Canada exporting $880 billion worth of goods and services to the United States in the past year. The political ramifications of the trade dispute are also significant, as public frustration with the high cost of living in Canada and the U.S. continues to grow.
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