Canada Begins Collecting New Tariffs on US Goods as Trade War Escalates
Canada is matching U.S. tariffs dollar for dollar on $20 billion in goods, with rates of 15% to 50%, the Associated Press reported.
- On Tuesday, Canadian Prime Minister Mark Carney oversaw the collection of tariffs on $20 billion worth of American goods, taking effect at 12:01 a.m. as the trade war between the two nations escalated.
- Following the collapse of negotiations on August 21, President Donald Trump imposed 50% tariffs on Canadian imports, prompting Canada to vow a dollar-for-dollar match in retaliation.
- American products including steel, appliances, and dairy now face tariffs of 15% to 50%, covering about 6% of the $333.6 billion in goods the United States sent to Canada last year.
- Trump responded on Truth Social by ordering the renaming of Lake Ontario and threatening Canadian aircraft manufacturer Bombardier, which employs about 3,000 Americans, claiming Canada treats America like a "piggybank."
- Urging the U.S. to move past "meme-warfare," Carney promoted a "Build Canadian" campaign and stated a "positive opportunity" for a mutually beneficial trade deal still exists.
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22 Articles
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A deepening trade war between the United States and Canada is straining not just cross-border commerce but personal relationships in communities along the northern border, according to interviews with business owners and local officials in three border states.In the border town of Blaine, Washington, business owner Gurdeep Bains told the New York Times that President Donald Trump's trade war has frayed personal relationships and upended business…
Canada Slaps Tariffs on $20 Billion Worth of American Products as Trade War Heats Up
Canada placed tariffs of 15% to 50% on a wide range of U.S. products including steel and cosmetics as the trade war showed no signs of slowing. The post Canada Slaps Tariffs on $20 Billion Worth of American Products as Trade War Heats Up first appeared on Mediaite.
Photo: Getty Images Canada has imposed retaliatory tariffs on US products, marking another escalation in an 18-month trade dispute between the two countries. The new tariffs will target about $20 billion worth of US goods and range from 15% to 50% depending on the product. The tariffs include steel, furniture, clothing and electronics. Canadian Prime Minister Mark Carney made the decision after …
Retaliatory tariffs affect US products worth $20 billion, with rates ranging from 15 to 50 per cent in a wide range of products, from steel and furniture to clothing and electronics.
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