Canada to match tariffs on $20bn worth of US goods

Canada has retaliated against the United States by imposing $20 billion in tariffs on American goods, mirroring the new duties imposed by Washington. Prime Minister Mark Carney announced these measures, which will take effect on September 8, just as the trade war escalated following President Trump's 50% duty on Canadian products.

The retaliatory tariffs will affect industries such as steel, dairy, and electronics. Canada has also pledged financial support, committing $5.4 billion to help businesses and workers impacted by the escalating trade dispute. This unprecedented challenge faced by Canada was described by Finance Minister Francois-Philippe Champagne, who emphasized the unity among Canadians in response to the situation.

The US tariffs have hit about $20 billion worth of Canadian goods, accounting for roughly 5.5% of its exports to the United States. Canada's response includes imposing higher tariffs on US steel and aluminum products, as well as certain appliances, dairy products, and steel derivative products. While the White House claims Canada discriminated against US products, polls show most Canadians back Carney's decision. However, some express concerns over potential economic repercussions.