Canada has announced retaliatory tariffs on billions in American imports, targeting key industries like steel, dairy, and electronics in response to recent U.S. trade measures. The new duties, set to take effect, will range from 15% to 50% and focus on sectors heavily impacted by previous U.S. tariffs. The move marks a sharp escalation in trade tensions between the two nations, following heightened political rhetoric. The retaliation covers a broad range of goods, including agricultural equipment, pulp, paper, and appliances.
Counter-measures covering several sectors come after Trump announced 50% tariffs on Canadian goods Canada is set to impose retaliatory tariffs on billions of dollars’ worth of American imports early on Tuesday, escalating a trade fight with its largest trading partner as tensions between US president Donald Trump and Canadian prime minister Mark Carney intensify.The tariffs, which take effect at 12.01am on Tuesday, will range from 15% to 50% and apply to products covering C$27.6bn in imports from the US. The measures will target sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics – industries that have been most affected by US tariffs. Continue reading...
