Canada tariffs up to 50% come into effect on $27.6 billion U.S. goods
Canada has implemented retaliatory tariffs ranging from 15% to 50% on $27.6 billion worth of U.S. goods following a breakdown in trade negotiations. The move follows U.S. tariffs on Canadian products and includes a public dispute over the airplane manufacturer Bombardier.
Why it matters
The escalating trade conflict between the U.S. and Canada threatens North American supply chains and bilateral economic relations.
Canada's retaliatory tariffs on a wide array of U.S. goods took effect Tuesday, further escalating a feud between Washington and Ottawa that had already boiled over after trade talks collapsed last month.
The duties range from 15% to 50% across hundreds of U.S. products worth a total CA$27.6 billion, including dairy, agricultural equipment, paper, household appliances and electronics. Canadian tariffs on U.S. steel, aluminum and iron products doubled to 50%, while furniture, motorbikes, clothing and some beauty products were among the goods hit with the highest rate.
Ottawa called the move a "dollar for dollar" response to the U.S. slapping new 50% tariffs on about $20 billion worth of Canadian wine, hockey sticks and other key goods on Aug. 22.
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