Canada Slaps Retaliatory Tariffs on Over 700 US Goods

Canada has announced retaliatory tariffs on over 700 U.S. goods valued at 27.6 billion Canadian dollars (approximately 20 billion U.S. dollars) in response to the latest 50% U.S. tariffs.

The countermeasures are set to take effect on September 8 and aim to match the total value of Canadian products targeted by the U.S. tariffs, as described by Finance Minister Francois-Philippe Champagne as a 'dollar-for-dollar, rate for fate' response.

The new tariffs will be applied in three tiers: 15%, 25%, and 50% and will target sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.