DistantNews
Support us
🇮🇩 Indonesia /Economy & Trade

Canada hits back with tariffs on more than 700 US products amid escalating trade war

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • Canada has imposed retaliatory tariffs on over 700 U.S. products, valued at C$27.6 billion (US$19.9 billion).
  • These measures are a direct response to the U.S. imposing new tariffs on Canadian goods, aiming for a dollar-for-dollar match.
  • Ottawa also announced a C$7.5 billion support package for Canadian businesses and workers affected by the escalating trade dispute.

Canada has escalated its trade war with the United States by imposing retaliatory tariffs on more than 700 American products, a move valued at C$27.6 billion (US$19.9 billion). This action directly counters the recent tariffs levied by Washington on Canadian goods, with Ottawa stating the measures will match the U.S. tariffs on a dollar-for-dollar basis.

The Canadian government announced the measures on Tuesday, saying they would match the value of the latest US tariffs on Canadian exports on a “dollar-for-dollar” basis.

— The GuardianReporting on Canada's retaliatory tariff strategy.

The newly targeted products span various key industries, including steel, aluminum, dairy, household appliances, agricultural equipment, paper, plastics, and electronics. The tariffs, ranging from 15 percent to 50 percent, are set to take effect on September 8. Items affected include everything from hockey sticks and ornamental fish to toilet paper and smoked lobster. Canada is also increasing existing retaliatory tariffs in sectors like steel and aluminum from 25 percent to 50 percent to align with U.S. rates.

In addition to the tariffs, the Canadian government unveiled a C$7.5 billion support package aimed at bolstering businesses and workers impacted by the trade dispute. Finance Minister François-Philippe Champagne stated the measures are designed to shield Canadian workers, farmers, families, and businesses. This support package, primarily focused on small and medium-sized enterprises, is intended to prevent layoffs and aid workers in skill development. The total assistance announced by Canada in response to trade disruptions now exceeds C$20 billion over the past 18 months.

The measures were intended to protect Canadian workers, farmers, families and businesses from the impact of the trade dispute.

— François-Philippe ChampagneExplaining the purpose of the new tariffs and support package.

This latest development follows President Donald Trump's decision to impose 50 percent tariffs on approximately US$20 billion worth of Canadian imports, a move that came shortly after Trump had suggested a deal was reached to avert such measures. Trade negotiations subsequently faltered. The dispute has also become increasingly politicized, with Trump frequently criticizing Canadian Prime Minister Mark Carney.

The latest support brings the total assistance announced by the Canadian government in response to trade disruptions over the past 18 months to more than C$20 billion.

— TempoHighlighting the scale of Canadian government support during the trade conflict.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog