Canada announces 'dollar for dollar, rate for rate' retaliatory tariffs on US
Canada announced retaliatory tariffs on hundreds of American products as high as 50 percent Tuesday, just days after the collapse of negotiations between the two countries. Canadian Finance Minister Francois-Philippe Champage said Canada will match the U.S.’s tariffs “dollar for dollar, rate for rate.” The tariffs would take effect on Sept. 8. He said the...
Canada has announced retaliatory tariffs on hundreds of American products, with rates as high as 50 percent. The tariffs, which will take effect on September 8, are in response to the collapse of negotiations between Canada and the US. According to The Hill, Canadian Finance Minister Francois-Philippe Champagne said Canada will match the US's tariffs "dollar for dollar, rate for rate."
The New Straits Times reports that the tariffs will be imposed on C$27.6 billion (US$19.94 billion) worth of US goods, with duties of 15 percent, 25 percent, and 50 percent across 700 products. CBS News states that the amount of goods impacted translates to about $20 billion in US dollars, and will focus on steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Canada has also announced a C$7.5 billion package of new and enhanced measures to support Canadian businesses and workers caught in the trade war, including support for small and medium-sized businesses, funding for cash flows of companies, and support for workers who could be at risk due to the new tariffs, as per the New Straits Times.
Brief written by urgent.news from The Hill, New Straits Times, CBS News, NPR, DW English (Top Stories) — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Canada announces retaliatory tariffs on US$20 billion worth of US goods nst.com.my
- Canada announces tariffs of up to 50% on $20 billion in U.S. goods cbsnews.com
- Canada unveils counter tariffs of 15% to 50% on US goods koreatimes.co.kr
- Canada unveils counter-tariffs of 15% to 50% on US goods as trade war intensifies lemonde.fr
- WATCH LIVE: Canada announces retaliatory tariffs against the U.S. pbs.org
- Replay: Canada announces countermeasures to new US tariffs france24.com
- Canada announces retaliatory tariffs on US goods dw.com
- Canada announces US$20 billion retaliatory tariffs on US goods, unveils support measures channelnewsasia.com
