Canada announces tariffs of up to 50% on $20 billion in U.S. goods
Summary
Canada announced it will impose tariffs of up to 50% on about $20 billion worth of goods imported from the United States. This move is a response to similar U.S. tariffs on Canadian products and will start on September 8.Key Facts
- Canada will match U.S. tariffs dollar for dollar, up to 50% on $27.6 billion in Canadian dollars of U.S. imports.
- The tariffs affect products like steel, dairy, appliances, farm equipment, paper, and electronics.
- The value of the targeted U.S. goods is about $20 billion in U.S. dollars.
- The Canadian tariffs begin on September 8.
- Canada plans to provide financial help to workers and businesses affected by the U.S. tariffs, including loans and income support.
- The tariffs are a direct response to duties recently placed by the Trump administration on Canadian goods.
- François-Philippe Champagne, Canada’s Minister of Finance and National Revenue, announced the tariffs.
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