Urgent.News

What's breaking now, across thousands of outlets.

Business

Zollstreit: Kanada verhängt Zölle auf US-Güter im Wert von 20 Milliarden Dollar

Im Zollstreit mit den USA schlägt Kanada zurück. Am Vortag hatten die USA Zölle auf kanadische Autos verhängt. Der kanadische Finanzminister spricht davon, „für die Kanadier einzustehen“.

Zollstreit: Kanada verhängt Zölle auf US-Güter im Wert von 20 Milliarden Dollar

Ottawa, the Canadian government has retaliated against US tariffs by imposing duties of up to 50 percent on imports from the United States, valued at $27.6 billion. Finance Minister François-Philippe Champagne announced that starting September 8, Canada would impose duties of 15, 25, or 50 percent on US-produced goods, matching the level of Canadian goods facing 50 percent tariffs from the US.

The escalation of the trade dispute began last week when the US imposed a 50 percent tariff on Canadian goods, including hockey sticks, furniture, honey, and wine, totaling around $20 billion. Prime Minister Mark Carney subsequently announced duties of equal value, which have now been formalized. The threat of tariffs on automobiles, heavy-duty trucks, auto parts, and steel, raised to 50 percent from January 1, 2027, was also made by former President Trump.

Similar to past incidents, companies could potentially circumvent the tariffs by manufacturing products in the United States. Notably, 85 percent of all Canadian vehicles exported in 2024 went to the United States.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Tuesday 25 August →