- Canada has announced counter-tariffs as high as 50% on a range of US goods in retaliation to the latest wave of levies on Canadian imports imposed by President Donald Trump last weekend.
- The Canadian tariffs will apply to nearly C$28bn ($20bn; £15bn) worth of American products, ranging from steel to furniture, fresh tuna and cotton T-shirts, officials announced on Tuesday.
- The Canadian levies are set to come into effect on 8 September.
- Finance Minister François-Philippe Champagne said that Canada's retaliation is in response to 50% tariffs imposed by the Trump administration on a range of Canadian goods after trade talks fell apart on Friday.
- Champagne said: "Those tariffs will have real consequences for Canadian workers, businesses and communities across our nation. Canada must respond." He characterised Canada's retaliation as "proportionate" and "strategic".
- In a series of Tuesday posts on Truth Social, Trump accused Canada of "ripping off" the US for decades and of charging American farmers steep tariffs, and wrote: "I deal with many countries, and Canada is easily the most difficult and unreasonable. They feel entitled, but they are not a State, and will be entitled no longer!" He also suggested that he will change the name of Lake Ontario to Lake America.
- Canada released on Tuesday a list of around 700 US products that will be hit by its counter-tariffs, including a 50% tariff on steel and aluminum products previously subject to 25%, a 50% tariff on various other goods including natural honey, furniture, clothing and apparel, makeup and perfume, a 25% tariff on goods including appliances, dairy products, fish and seafood, and certain steel and aluminum derivative products, and a 15% tariff on certain types of tools and machinery, including forklifts and air conditioning machines.
Canada's Finance Minister François-Philippe Champagne announced counter-tariffs on US goods, effective September 8, in response to 50% tariffs imposed by the Trump administration. The tariffs target nearly C$28bn ($20bn) worth of products, including steel, furniture, and clothing.41011121314
Champagne stated, "Those tariffs will have real consequences for Canadian workers, businesses and communities across our nation. Canada must respond." He described the retaliation as "proportionate" and "strategic", while also pledging C$7.5bn in support for affected businesses and workers.
In response, Trump accused Canada of "ripping off" the US and suggested renaming Lake Ontario to Lake America, stating, "We don't expect to doing much business with Ontario any longer." He threatened to increase tariffs on Canadian automobiles to 50% starting January 1.789
The Canadian tariffs include a 50% levy on steel and aluminum, previously at 25%, and a 25% tariff on dairy products and certain steel derivatives. Other goods face 15% and 50% tariffs as well, impacting a wide range of industries.
Prime Minister Mark Carney accused Trump of attempting to "destroy" Canadian industries, while Ontario Premier Doug Ford expressed a desire for a "good deal" for both nations amidst the heated exchanges.
“The Canadian counter-tariffs target nearly C$28bn ($20bn) of American products, including steel, furniture, and fresh tuna, and take effect on 8 September. Finance Minister François-Philippe Champagne called the response 'proportionate' and 'strategic,' while Canada also pledged an additional C$7.5bn in support for affected workers and businesses.”
