Canada imposes up to 50% counter-tariffs on US goods effective Tuesday
Canada begins trading retaliation with the United States, applying duties ranging from 15% to 50% on roughly $27.6 billion worth of American products including steel and dairy.
Canadian authorities activated new trade barriers against selected United States exports beginning Tuesday. The counter-tariffs cover approximately C$27.6 billion (€17bn) in merchandise, representing about 6% of US goods exported to Canada the prior year. Rates reached 15%, 25%, and 50% across hundreds of items, with maximum duties applied to steel, aluminum, furniture, clothing, cosmetics, appliances, electronics, agricultural machinery, and dairy such as cheese. Ottawa stated these measures mirrored recent American rates dollar for dollar. Some seafood items were excluded from the initial target list. Beyond tariffs, eight of Canada's ten provinces maintain restrictions on US alcohol sales. RBC Economics indicated Canadian actions would likely not significantly alter total US economic growth but could disproportionately affect specific American businesses. Analysts suggest negative risks remain modest for the Canadian economy overall while sharp impacts persist in Central Canada manufacturing.
