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Canada hits US goods with retaliatory tariffs up to 50 percent

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Animated editorial illustration for: Canada hits US goods with retaliatory tariffs up to 50 percent
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At a glance

  • Canada to impose retaliatory tariffs of up to 50% on US goods from September 8.
  • The move affects approximately 700 American products, including steel, dairy, and electronics.
  • It is a response to US tariffs on $27.6 billion of Canadian goods imposed on August 22.

Story so far

A trade dispute between the United States and Canada has intensified after negotiations failed. The US imposed 50% tariffs on Canadian goods worth $27.6 billion starting August 22. In response, Canada has announced its own set of retaliatory tariffs on a wide range of American products and a $7.5 billion support package for affected domestic industries.

Latest development

Canada has announced retaliatory tariffs of up to 50% on approximately 700 US products, escalating a trade war between the two neighbouring countries. The new measures will take effect on September 8.

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Usama MehboobUsama MehboobEditor
Categories: Business & Economy
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