Canada announces retaliatory tariffs on US$20 billion worth of US goods
OTTAWA: Canada on Tuesday announced retaliatory tariffs on C$27.6 billion (US$19.94 billion) worth of United States goods, matching dollar-for-dollar new duties imposed by Washington, and unveiled financial support for Canadian businesses and workers caught in the escalating trade war.
Canada has announced retaliatory tariffs on $19.94 billion worth of US goods, matching the new duties imposed by Washington in a trade war. The counter-tariffs will take effect on US goods from September 8 and impose duties of 15%, 25%, and 50% on 700 products imported from the US. Canada also unveiled a C$7.5 billion financial support package to help affected workers and industries, including measures for small and medium-sized businesses and cash flow support.
This escalation in the Canada-US trade relationship marks a low point in the two countries' relationship.
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