Trade dispute: Canada imposes $20 billion in retaliatory tariffs
In the customs dispute with the USA, Canada is fighting back. The day before, the USA had imposed tariffs on Canadian cars. The Canadian Finance Minister speaks of "standing up for Canadians".
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 will take effect on September 8 and will match US tariffs on Canadian goods.
The escalation of the trade dispute between the two countries comes after trade talks between Washington and Ottawa failed late last week.
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.
