Canada announced retaliatory tariffs on roughly C$27.6 billion (about $19.94 billion) worth of US goods on Monday, matching new US duties on Canadian products dollar for dollar as the two countries' trade dispute continues to escalate.
What's being taxed, and when
The new Canadian duties, ranging from 15% to 50% across more than 700 products, take effect September 8. They target sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with 50% tariffs on American steel, aluminum, furniture and clothing; 25% on cheese, appliances and seafood; and 15% on electronics and tools. Canada is also doubling its existing tariffs on American steel and aluminum imports.
Our dollar-for-dollar, rate for rate counter-tariffs as well as a multibillion-dollar support package will protect workers, farmers, families, and businesses.
François-Philippe Champagne, Canadian Finance Minister
Support for those caught in the middle
Alongside the tariffs, Canada unveiled a C$7.5 billion support package including funding streams to help affected businesses' cash flow, assistance targeted at small and medium-sized enterprises, and protections for workers at risk of job losses tied to the dispute. The move follows Trump's imposition of 50% duties on $20 billion of Canadian goods over the weekend, and comes a day after Trump said he would raise duties on Canadian-made cars as well, deepening a trade fight that began after negotiations between the two governments broke down.
