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Canada has made good on its promise to enact retaliatory tariffs to match levies the U.S. imposed on imports from the country over the weekend, raising the temperature on the fraught trade relationship.
Starting Sept. 8, Canada will begin charging various tariffs of either 15%, 25% or 50% on a range of U.S. goods that match the rates faced by products currently targeted by Section 338 and Section 232 tariffs from the Trump administration, per a Tuesday news release. The levies will specifically focus on steel, dairy products, appliances, agricultural equipment, electronics, seafood, and pulp and paper. Canada also said it would introduce a $7.5 billion support package to help businesses impacted by U.S. tariffs.
Steel and aluminum imports will be among those to face a 50% tariff, mirroring similar sectoral U.S. tariffs and hiking the previous Canada levy from 25%. Appliances, dairy products, fish and seafood, and certain steel and aluminum derivatives will incur a 25% tariff. Canada will also maintain its existing counter-tariffs, including those on U.S. automobiles.
“This focused response will protect Canadian workers, farmers, fishers, families, and businesses, defend industries harmed by unjustified U.S. tariffs, and help Canadian producers compete with U.S. products in the Canadian market,” the news release says.
