Canada announced the imposition of counter-tariffs on American goods ranging between 15% and 50%, in light of the escalation of… Trade war Between the two neighbors who have historically close relations.
The duties imposed by Ottawa will take effect on September 8, a date that Prime Minister Mark Carney had set after the 50% US duties on Canadian products came into effect on Saturday.
Canadian officials reported that the new duties would match US customs duty levels, coinciding with the announcement of a $5.4 billion aid package for affected companies and workers.
Canada’s retaliatory tariffs target more than 700 American goods, including steel and electrical appliances, as the trade war between the two sides escalates.
