Canada's Retaliatory Tariffs on $20bn of US Goods Take Effect
- On Tuesday, Canada implemented dollar-for-dollar retaliatory tariffs on approximately $27.6 billion of U.S. imports, targeting nearly 700 products with duties ranging from 15% to 50%.
- Trade negotiations between Ottawa and Washington collapsed on August 21, prompting the escalation after President Donald Trump imposed 50% duties on Canadian steel, aluminum, and other goods.
- Canadian Federation of Independent Business president Dan Kelly warned small firms feel like "cannon fodder" in the dispute, as retailers like JS Furniture struggle to absorb costs amid uncertain consumer demand.
- Threatening to ban Bombardier Aviation from the U.S. market on Monday, Trump also renamed Lake Ontario "Lake America," intensifying tensions as Ottawa tailors countermeasures to apply political pressure before U.S. midterms.
- Analysts warn the "escalatory spiral" could expand beyond commodities into high-value aviation, creating significant economic uncertainty for integrated industries as the U.S. midterm elections approach in two months.
51 Articles
51 Articles
The trade war between the two long-time allies is intensifying as Canada imposes large-scale retaliatory tariffs in response to the Donald Trump administration's high tariffs. Starting at 12:01 AM on the 8th (local time; 1:01 PM KST on the 8th), the Canadian government [imposed] tariffs worth approximately 28 billion Canadian dollars (approximately 20 billion US dollars or 26.8 trillion won)
Canada has imposed new punitive tariffs of between 15 and 50 percent on hundreds of American goods. The measure came into effect on Tuesday and risks triggering a full-scale trade war between the countries.
Orillia Matters
Canada's retaliatory tariffs on American goods are now effect
OTTAWA — Ottawa's retaliatory tariffs on American goods took effect just after midnight EDT on Tuesday, responding to the 50 per cent tariffs Washington hit Canada with last month. On Aug. 22, U.S.
berlingske.dk
BTThe United States imposed import tariffs on Canadian goods in August after talks on a trade deal broke down.
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