economy
Canada announces retaliatory tariffs on wide range of US goods
Ottawa’s ‘focused response’ to levies imposed by Donald Trump on Canadian products comes after trade talks collapsed last week
TL;DR
- Canada will impose tariffs on US cosmetics, dairy, wood products, and outdoor equipment.
- The retaliatory tariffs are a response to levies imposed by the US after trade talks collapsed.
- The measures will affect C$27.6bn in imports, targeting industries like steel, dairy, and agricultural equipment.
- Most tariffs will be set at 25% or 50%, effective September 8th, and will only apply to goods originating from the US.
- The Canadian government announced over C$7bn in support for businesses impacted by the tariffs.
- The trade dispute has seen personal attacks between Canadian officials and US President Donald Trump.