You are connecting from Lake Geneva Public Library, please login or register to take advantage of your institution's Ground News Plan.
Published 1 hour ago • loading... • Updated 25 minutes ago
Canada Targets U.S. Metals, Foods, Motorcycles in Retaliatory Tariff Package
On Tuesday, Finance Minister François-Philippe Champagne announced Canada will impose retaliatory tariffs of up to 50% on $27.6 billion of U.S. imports, effective September 8, matching U.S. duties "dollar for dollar, rate for rate."
After trade talks collapsed, President Donald Trump enacted 50% duties on $28 billion of Canadian goods over the weekend, prompting the government to retaliate; Champagne called the U.S. terms "uneconomic, unfair, and ultimately unacceptable."
Champagne also unveiled a $7.5 billion aid package for Canadian workers and businesses, while Canada's retaliatory tariffs target U.S. steel, dairy, appliances, and farm equipment with matching levies.
Trump threatened to increase tariffs on all cars, trucks, automotive parts, and steel to 50% on January 1, 2027, while accusing Ottawa of "ripping off the United States of America for years."
An Angus Reid poll found 76% of Canadians support ending negotiations, yet business leaders like President Liz Kovach warned the dispute threatens home construction due to reliance on Canadian lumber imports.