Canada hits back at Trump, unveils dollar-for-dollar counter-tariffs
Canada unveiled a dollar-for-dollar counter-tariff strategy against the United States on Tuesday, responding to a series of recent tariff hikes imposed by the U.S. government. The retaliatory tariffs, applicable from September 8, target over 700 American products valued at approximately $27.6 billion, ranging from fish to motorcycles, steel, and aluminium items.
The Canadian government claims these measures are aimed at products "most affected by US tariffs" and are designed to match the duties imposed by Washington in its latest round of tariffs. Prime Minister Mark Carney accused the U.S. of trying to "destroy our major industries" and said the proposed auto tariffs would "gradually dismantle" Canada's vehicle production industry.
The escalating dispute threatens one of the world's largest trading relationships and puts pressure on deeply integrated supply chains in sectors such as automotive, energy, agriculture, and manufacturing.
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