"Dollar for Dollar": Canada Announces $20 Billion in Retaliatory Tariffs Against the U.S.
Tariff rates reach 50%—just as they do in the U.S. on Canadian goods
Canada Imposes Retaliatory Tariffs on U.S. Goods / Photo: Unsplash/Jason Hafso
The Canadian government announced the imposition of tariffs on goods from the United States in response to a similar decision by U.S. President Donald Trump regarding Canadian goods.
Canada will match its measures against those of the United States “dollar for dollar, rate for rate, with additional Canadian tariffs on goods from the U.S.,” according to a statement from the Canadian government. The restrictions will take effect on September 8 at rates of 15%, 25%, and 50%; they will match the levels set by the U.S. on similar Canadian products.
Canada’s retaliatory tariffs will affect $27.6 billion Canadian dollars’ worth of imports from the U.S. (approximately $20 billion). A list of more than 700 goods subject to the restrictions has been published on the Canadian government’s website. The most significant of these are steel and aluminum: the tariff rate on them will double compared to the current rate, CNBC noted.
Trump imposed tariffs of up to 50% on Canada following the collapse of bilateral trade negotiations. Import duties have been imposed on items such as dairy products, seafood, household appliances, wood and paper products, and clothing. On August 24, the U.S. president posted on Truth Social that, starting January 1, 2027, tariffs on all Canadian cars, trucks, auto parts, and steel will increase to 50%.
Canada is the largest market for U.S. exports, and the United States accounts for about 62% of Canada's total foreign trade.
This article was AI-translated and verified by a human editor
