Canada Hits Back with Targeted Tariffs against US
Canada has announced its retaliation against the US tariffs on Canadian products. The country's response is 'targeted' and 'strategic', aiming to put pressure on Washington while minimizing damage to its own economy.
The tariffs will affect over 700 American goods, including auto parts, steel, lumber, furniture, home appliances, and dairy products, starting from September 8. Canada will impose surcharges of 15% to 50% on these goods, totaling approximately 27.6 billion Canadian dollars (about €17 billion), mirroring the value of Canadian exports hit by US tariffs.
Canadian Prime Minister Mark Carney chose this approach after initially considering a more forceful response. Finance Minister François-Philippe Champagne said, 'We did not choose this trade conflict. But we must stand up and defend our interests.'
The measures are aimed at protecting Canadian jobs and putting pressure on the US government. Industry Minister Mélanie Joly encouraged Canadians to continue boycotting US products, saying, 'By choosing a Canadian product, you not only put pressure on the United States, but you also protect jobs.'