Canada Hits Back With $20 Billion in Retaliatory Tariffs on US Goods

Canada announced retaliatory tariffs worth C$27.6 billion, roughly $19.94 billion, on US goods, matching the scale of tariffs recently imposed by Washington. The new duties, ranging from 15% to 50% across 700 products, will take effect on September 8, marking a significant escalation in the ongoing trade dispute between the two countries.

Support Package for Canadian Workers and Businesses

Alongside the tariffs, Canada unveiled a C$7.5 billion support package aimed at helping small and medium-sized businesses manage cash flow and protecting workers who may be affected by the trade fallout. Finance Minister François Philippe Champagne said the combined measures are designed to shield Canadian workers, farmers, and families while still pressuring the US.

Tariffs Target Key Industries

The new tariffs include a 50% rate on sectors such as steel, aluminum, furniture, and clothing, a 25% rate on cheese, appliances, and select seafood products, and a 15% rate on electronics and tools. The move follows Washington’s decision to impose 50% tariffs on $20 billion worth of Canadian goods after trade talks between the two nations broke down.