Canadian Retaliatory Tariffs Against U.S. Goods Effective Sept. 8
The Canadian government at 12:01 a.m. ET this morning, Sept. 8, imposed counter-tariffs of up to 50% on myriad U.S. products. Canada’s tariffs were in response to the Aug. 22 U.S. decision to impose 50% Section 338 tariffs on $27.6 billion of Canadian goods.
Canada’s counter-tariffs will apply to products covering $27.6 billion of U.S. imports and will focus on sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, that are most impacted by U.S. tariffs, the Canadian government said.
Canada’s Minister of Finance and National Revenue François-Philippe Champagne in a statement said Canada will match the new U.S. tariffs “dollar for dollar, rate for rate.”
A list of the specific tariffed U.S. goods by Canada are available here.
In addition, to support Canadian workers and businesses impacted by these U.S. tariffs, Canada will provide $7.5 billion in assistance to its workers and businesses, building on the nearly $25 billion in supports the government has provided since the implementation of the U.S. tariffs.