Canada to impose retaliatory tariffs on US goods from September 8
Canada has announced retaliatory tariffs of 15-50% on US imports along with a $5.4 billion aid package for affected companies and workers.
Canadian Finance Minister François-Philippe Champagne announced that Ottawa will impose tariffs ranging from 15% to 50% on American imports starting at midnight on September 8, in response to tariffs imposed by the United States. The retaliatory measures will affect American steel, dairy products, household appliances and other goods.
The Canadian government also announced a $5.4 billion US (7.5 billion Canadian dollars) support package for companies and workers affected by the trade dispute. Champagne called it an unprecedented challenge for Canada, but said the country would handle the situation with dignity.
Talks end without agreement
Last week, the US and Canada failed to reach a trade agreement after another round of negotiations, and Washington announced 50% tariffs on some Canadian imports. Canadian Prime Minister Mark Carney called the US decision a miscalculation on Saturday and pledged a symmetrical response, promising retaliatory tariffs on September 8.
On Monday, US President Donald Trump also announced that starting in January he would double tariffs on Canadian cars, trucks and auto parts to 50%. Shortly afterward, at a press conference, Carney said Canada had shown pragmatism, patience and persistence during the trade talks, adding that Trump wants to destroy major Canadian industries, including the automotive sector.
On Tuesday, shortly before Ottawa's announcement of retaliatory measures, Trump called Canada the most difficult and uncompromising country to deal with, again claiming it had been taking advantage of the US for decades, including by charging American farmers tariffs of 400% or more.
