Canada slaps retaliatory tariffs on US goods worth US$20 billion as trade war intensifies

The counter-tariffs take effect from Sep 8 and will impose duties ranging from 15 per cent to 50 per cent across 700 US products.

Canada slaps retaliatory tariffs on US goods worth $20 billion as trade war intensifies  Reuters

Canada on Tuesday announced retaliatory tariffs on $27.6-billion worth of United States goods, matching dollar-for-dollar new duties imposed by Washington, and unveiled financial support for Canadian businesses and workers caught in the escalating trade war.

Canada will impose dollar-for-dollar counter-tariffs on 700+ US goods from September 8, escalating the trade war triggered by Trump's 50% tariffs.

Assistance meant to "protect workers, farmers, families, and businesses".

Canada Announces $20 Billion In Retaliatory Tariffs On U.S. Goods  HuffPost

Canadian trade negotiators left the U.S. last week after failing to clinch a trade deal that would stop President Donald Trump's new tariffs from taking effect.

Carney said the equivalent dollar-for-dollar counter-tariffs will focus on sectors such as dairy, steel, household appliances, farming equipment, electronics, and pulp and paper