Canada to impose tariffs of up to 50% on US goods — Euronews
Starting September 8, Canada will impose counter-tariffs of up to 15%, 25% or 50% on imports of US goods with a total value of CAD 27.6 billion. Canadian Finance Minister François-Philippe Champagne said this, Euronews reports.
Response to US tariffs
According to Champagne, Ottawa will respond to the new US tariffs “proportionately, purposefully and strategically,” answering Washington “dollar for dollar, rate for rate.”
Canada announced the measures after 50% US tariffs took effect on Saturday, affecting Canadian goods worth approximately CAD 28 billion, or EUR 17 billion. This came amid the collapse of trade negotiations between the countries.
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Support for workers and businesses
Champagne also announced a CAD 7.5 billion, or EUR 4.6 billion, support package for Canadian workers and businesses. According to him, Canada was forced to walk away from negotiations because the terms proposed by the administration of US President Donald Trump were “economically disadvantageous, unfair and ultimately unacceptable.”
The minister called the tariff confrontation an unprecedented challenge for Canada and said the country would support workers, businesses and industries “with whatever is necessary and for as long as necessary.”
Trump's statement on automobile tariffs
On August 24, US President Donald Trump said that tariffs on passenger and freight vehicles, auto parts and steel would rise to 50% from January 1, 2027. In a Truth Social post, he accused Ottawa of having “ripped off” the United States for years. Currently, the US tariff rate on automobiles for the share of content not from the United States is 25%.
