Canada Imposes Counter Tariffs
Canada will match U.S. tariff hikes with rates of 15% to 50% on $27.6 billion in imports, alongside $7.5 billion in support.
- On Tuesday, Finance Minister François-Philippe Champagne and Jobs and Families Minister Patty Hajdu announced Canada will impose counter-tariffs of 15, 25 or 50 per cent on $27.6 billion in U.S. imports starting September 8.
- Trade negotiations broke down Friday night after President Donald Trump imposed 50 per cent tariffs on close to 30 billion of Canadian goods, which took effect August 22.
- Ottawa introduced a $7.5-billion package of support measures for workers and businesses impacted by the trade war, as sectors like steel, electronics, and dairy products face new duties.
- Small business owners like Pambrun, a solar company operator in Kenora, Ont., warn the tariffs on U.S. components will increase costs, while importer De Nardi anticipates higher consumer prices for specialty cheeses.
- Prime Minister Mark Carney stated the government aims to protect workers and farmers through these dollar-for-dollar responses, building a more resilient economy while navigating ongoing bilateral trade tensions.
25 Articles
25 Articles
As Canada takes on US tariffs, what's behind the David and Goliath fight?
Washington slams its longtime ally as the only trading partner besides China to retaliate against Trump's duties. But Canadian Prime Minister Mark Carney said: "You're at war when you get attacked. We got attacked." As new 50-percent US tariffs took effect on $20 billion in Canadian goods Saturday, Ottawa set out a "dollar-for-dollar" response Tuesday. How much pain tolerance does each country have? How do the economies compare? The United State…
While the EU is falling in spite of greater economic power, Canada is relying on targeted counter-tariffs, taking into account its own economic risks.
Die Presse
Canada wants to target some states with the counter-tariffs, and the interim elections have also been taken into account, says Canada's Minister of Industry.
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