Replay: Canada announces countermeasures to new US tariffs
Rewatch as Canadian ministers lay out a series of countermeasures as its trade war with the US deepens after the Trump administration imposed new tariffs on Canadian goods.
Ottawa has announced counter-tariffs on U.S. goods ranging from 15% to 50%, escalating the long-standing trade conflict between the two countries. The retaliatory measures will commence on September 8, earlier announced by Prime Minister Mark Carney following President Donald Trump's imposition of 50% duties on Canadian products on Saturday.
Officials revealed that Canada's duties will mirror U.S. levels, affecting sectors like steel, dairy, and electronics. Canada's government also unveiled a $5.4 billion (CA$7.5 billion) aid package to assist affected firms and workers, marking an unprecedented challenge. Prime Minister Carney stated that Canada will meet this momentous challenge.
Finance Minister Francois-Philippe Champagne emphasized unity, declaring that Canada stands together in response. The U.S. tariffs targeted approximately $20 billion worth of Canadian goods, accounting for around 5.5% of Canada's exports to the United States. The trade war intensified after trade talks faltered at the last minute.
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- Canada announces tariffs of up to 50% on $20 billion in U.S. goods cbsnews.com
- Canada unveils counter tariffs of 15% to 50% on US goods koreatimes.co.kr
- Canada announces 'dollar for dollar, rate for rate' retaliatory tariffs on US thehill.com
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- WATCH LIVE: Canada announces retaliatory tariffs against the U.S. pbs.org
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- Canada announces US$20 billion retaliatory tariffs on US goods, unveils support measures channelnewsasia.com
