Canada Targets U.S. Metals, Foods, Motorcycles in Retaliatory Tariff Package
Finance Minister François-Philippe Champagne said the duties will match U.S. levies dollar for dollar, and Ottawa also announced a C$7.5 billion support package.
- On Tuesday, Canada announced counter-tariffs on U.S. goods ranging from 15% to 50%, matching American tariff levels and targeting steel, dairy, and electronics industries.
- U.S. President Donald Trump imposed 50% duties on Canadian products on August 22 after trade negotiations collapsed, with The White House alleging 'discriminatory treatment' of American alcohol, automobile, and dairy products.
- Prime Minister Mark Carney announced a $5.4 billion aid package for affected firms and workers; Oxford Economics warned manufacturers in Quebec, New Brunswick, and Ontario face the most significant impact.
- Escalating tensions on Monday, President Trump pledged to double tariffs on Canadian autos next year to 50% and referred to Canada as the 51st U.S. state, warning of 'far worse' consequences.
- Polling released Sunday shows broad support for Carney's decision to exit trade talks, though tensions persist over U.S. demands involving French-speaking 'Quebec culture' and the future of the USMCA agreement.
123 Articles
123 Articles
Carney’s government thus responds to the new US charges that came into effect on Saturday
Ottawa will apply rates of up to 50% since September and prepare a $7.5 billion package for workers and businesses
Canada will meet US tariffs dollar for dollar, several of the country's ministers announced at a press conference on Monday. - We have worked tirelessly to reach an agreement with the United States, but their demands were unfair and unacceptable.
Canada announces $27 billion of counter-tariffs on American goods
What to know Canada will be implementing “dollar-for-dollar” and “rate-for-rate” counter-tariffs on over $27 billion of American imports, including dairy, electronics and appliances. On Tuesday,... The post ‘Our greatest power is our purchasing power’: Federal government announces $27 billion of counter-tariffs and $7.5 billion of support for Canadian businesses appeared first on NOW Toronto.
Winnipeg Free Press
Castanet'Economic chemotherapy': Business groups wary of counter-tariffs, federal aid package
Despite Ottawa unveiling an aid package for Canadian businesses affected by the trade war with the United States, some say the measures do not go far enough to help them stay afloat, especially in the wake of Canada's new counter-tariffs.
Measure is a response to the 50% rates imposed by the United States during the weekend. Donald Trump threatened to impose new 50% rates on Canadian vehicles, automotive parts and steel
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