New Delhi: Canada has announced new retaliatory tariffs on US goods worth C$27.6 billion ($19.94 billion), matching the latest duties imposed by Washington
as tensions between the two countries continue to grow.
The new Canadian tariffs will take effect on September 8 and cover around 700 products imported from the United States. According to the Canadian government, the duties will range between 15%, 25% and 50%, depending on the product.
Ottawa has also announced a C$7.5 billion support package for businesses and workers expected to be affected by the trade measures. The package includes help for small and medium-sized businesses, funding to improve companies’ cash flow and assistance for workers who could face job losses because of the tariffs.
Canada targets key US imports
The latest measures come after US President Donald Trump’s new 50% tariffs on around $20 billion of Canadian imports came into effect on Saturday. Talks between the two countries aimed at avoiding the new duties failed to produce an agreement.
The new round of tariffs has pushed relations between the long-time trading partners to a new low. “Our dollar-for-dollar, rate for rate counter-tariffs as well as a multi-billion dollar support package will protect workers, farmers, families and businesses,” Canada’s Finance Minister Francois-Philippe Champagne said.
Canadian officials said the tariffs were designed to limit the effect on domestic consumers and businesses while still putting pressure on US exporters.
Steel, clothing and electronics among targeted goods
The highest 50% tariffs will apply to products including steel, aluminium, furniture and clothing. A 25% duty will cover items such as cheese, appliances and some seafood. Electronics and tools will face a 15% tariff under the new measures.
The Canadian government has said the support package is intended to help companies manage the immediate impact of the trade dispute while protecting workers and key industries. The latest move marks another escalation in the economic confrontation between Canada and the US with businesses on both sides now preparing for higher costs and further disruption to cross-border trade.
