Canada Announces Dollar-for-Dollar Retaliatory Tariffs on US Goods
Canada has announced a targeted, dollar-for-dollar tariff retaliation against the United States, with rates reaching up to 50 percent. The move aims to counter recent US trade measures but may increase operational costs for domestic businesses already navigating the ongoing trade dispute.
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Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50%
The latest escalation in an ongoing trade war between the US and Canada will see new levies on goods from steel to furniture, fresh tuna and makeup.
Read full article →Canada's 'targeted' and 'strategic' retaliation against US tariffs
On Tuesday, Ottawa detailed its measures against Washington in response to the new US tariffs. Caught between taking a firm stance and the need to protect its economy, Canada is trying to strike the right balance.
Read full article →Retaliatory tariffs could raise costs for Canadian businesses already weathering the trade war
Canada is set to impose retaliatory tariffs on $27.6 billion worth of U.S. goods starting Sept. 8. For some Canadian businesses, these counter-tariffs stand to drive up the costs of the things they make, which could be another difficult blow for companies at a time when many are already impacted by the ongoing trade war with the United States.
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