Canada adds more U.S. goods to list of planned counter-tariffs
On Wednesday, Finance Canada said it was adjusting the list of counter-tariffs after receiving feedback from Canadian industry stakeholders.
Canada has expanded its list of U.S. goods subject to counter-tariffs, following President Donald Trump's escalation of the trade war. On Tuesday, the country announced additional counter-tariffs on over 700 American goods, totaling $27.6 billion in value. This move comes a day after Canada removed American seafood from its initial list of targeted products.
The Canadian government stated that the new tariffs are designed to match the dollar-for-dollar, rate-for-rate structure of Trump's own tariffs on Canadian goods. The counter-tariffs range from 15 per cent to 50 per cent, coinciding with the corresponding U.S. tariffs. The affected goods include wood charcoal, copper wire, printed materials, plaster or plaster-based compositions, glass containers, bottles, flasks, jars, pots, phials, ampoules, and other related glassware.
The Canadian government also plans to place tariffs on carboys, glass stoppers, lids, and closures. This decision follows consultations with stakeholders and provinces, with the aim of supporting Canadian sectors and workers affected by the trade war. The counter-tariffs will take effect on September 8, 2021.
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