Canada Hits Back at US with Retaliatory Tariffs Worth CAD 27.6 Billion

Canadians voiced strong support for their government's retaliatory tariffs on the United States, despite concerns about the impact on daily life and the economy.

The Canadian federal government announced tariffs on over 700 U.S. products worth CAD 27.6 billion (approximately USD 20 billion), along with a CAD 7.5-billion aid package to support domestic businesses and workers.

The countermeasures aim to match the total value of Canadian products targeted by the latest 50-percent U.S. tariffs, achieving a 'dollar-for-dollar, rate for fate' response. The tariffs are scheduled to take effect on September 8th.

The Finance Ministry's list includes sectors like steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with tariff rates categorized into three tiers: 15 percent, 25 percent, and 50 percent.