Escalating customs dispute: Canada: retaliatory tariffs against the USA of up to 50 percent
In the customs dispute with the US, the Canadian Prime Minister has accused the US of wanting to destroy key industries in his country. Now the country is preparing to strike back.
Canada has imposed retaliatory tariffs of up to 50 percent on imports from the US, worth $27.6 billion. The move comes after the US imposed tariffs of 50 percent on Canadian goods worth around $20 billion, including hockey sticks, furniture, honey, and wine. Canadian Finance Minister François-Philippe Champagne said the tariffs, effective September 8, would match US tariffs on Canadian goods.
The escalation in trade tensions between the two countries comes after failed trade talks between Washington and Ottawa. The US has also threatened to increase import duties on cars, trucks, and steel to 50 percent by 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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