Canada hits US goods with tariffs of up to 50 per cent as trade war escalates
Canada announced retaliatory tariffs of up to 50 per cent on US$19.94 billion (C$27.6 billion) of American goods on Tuesday, escalating its trade confrontation with Washington days after negotiations collapsed and the Trump administration imposed sweeping new duties on Canadian products. The tariffs, which take effect on September 8, will apply to more than 700 categories of US goods at rates of…
Canada has announced retaliatory tariffs of up to 50 per cent on US$19.94 billion (C$27.6 billion) of American goods, escalating its trade confrontation with Washington. The tariffs, which take effect on September 8, will apply to over 700 categories of US goods, including steel, aluminium, agricultural equipment, household appliances, clothing, cheese, seafood, cosmetics, and electronics.
Canadian Finance Minister Francois-Philippe Champagne stated that the measures will match the US tariffs "dollar for dollar, rate for rate," aiming to defend Canadian workers and businesses rather than generate government revenue. The government has also unveiled $US5.42 billion in loans, income assistance, and other support for businesses and workers affected by the dispute.
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- US-Canada Trade War Erupts: Ottawa Hits $20 Billion Worth Of American Goods With Tariffs freepressjournal.in
- Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50% bbc.co.uk
- From electronics to toilet papers: Canada unveils retaliatory tariffs of 15-50% on $20 billion worth of US goods hindustantimes.com
