Canada to impose tariffs on U.S. steel, electronics in retaliation

Canada is set to retaliate against new U.S. tariffs by imposing its own duties on American goods. Prime Minister Mark Carney announced that starting September 8, Canada will levy tariffs on U.S. steel, electronics, and a range of other imported products.

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They asked for too much and gave too little.

This move comes after the United States proposed new tariffs, reportedly on $20 billion worth of Canadian imports, with a 50% tax rate. Carney characterized the U.S. proposals as economically inefficient, unfair, and detrimental to Canada's net interests, questioning the reliability of any potential agreement.

"They asked for too much and gave too little," Carney stated during a press conference. He emphasized that Canada's response is a "one-for-one" measure designed to protect Canadian workers, farmers, families, and businesses. The government plans to release further details on the specific retaliatory measures in the coming days.

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We cannot accept the conditions they have put forward, nor will we give them what they are asking for.

The Canadian tariffs will target products including U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Some of these items were previously subject to U.S. tariffs on Canadian goods. The government also indicated that support policies for affected Canadian industries will be announced next week, and these measures could remain in place for several years.

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one-for-one