Canada’s Retaliatory Tariffs Take Effect—What to Know
Canada will 'pivot and prosper,' said Prime Minister Mark Carney.
TL;DR
- Canada's retaliatory tariffs on $20 billion of U.S. goods took effect on Sept. 8.
- These tariffs are a response to President Donald Trump's trade agenda started in April 2025.
- Canada and the U.S. are now engaged in tit-for-tat tariffs.
- The Canadian tariffs target 7% of U.S. exports to Canada.
- Rates range from 15% to 50% on goods including steel, aluminum, carpets, and cheese.