Canada matches Trump tariffs with up to 50% levies on hundreds of US goods
Canada is rolling out a slate of retaliatory trade moves against the U.S. in response to Donald Trump’s latest tariffs after negotiations between the neighboring nations broke down in an escalating trade war.
“Canada must respond,” Canadian Finance Minister François-Philippe Champagne said Tuesday.
Canada, which imports roughly $272 billion in U.S. goods every year, will double its existing counter-tariffs on American steel and aluminum products to 50 percent, while new tariffs of 15, 25 and 50 percent will be applied to more than $20 billion worth of about 700 U.S. goods, including clothing, furniture, video game consoles and other electronics, among other goods.
The measures are “proportionate, targeted and strategic,” designed to “match dollar for dollar, rate for rate” against Trump’s tariff agenda, Champagne said. The new levies are effective September 8.
Canada’s new levies are “designed primarily to provide protection for Canadian industry impacted by American tariffs” and to “l..
