Canada tariffs up to 50% come into effect on $27.6 billion U.S. goods– www.cnbc.com

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Canada tariffs up to 50% come into effect on $27.6 billion U.S. goods– www.cnbc.com
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EXCERPT:

Canada’s retaliatory tariffs on a swathe of U.S. goods took effect on Tuesday after trade talks collapsed last month, as relations between Washington and Ottawa continue to sour.

The duties range from 15% to 50% across $27.6 billion worth of U.S. products, including dairy, agricultural equipment, paper, household appliances and electronics. Canadian tariffs on U.S. steel, aluminum and iron products doubled to 50%, while furniture and clothing were also hit with the highest rate.

Canada called the move a “dollar for dollar” response to U.S. levies on its own goods, which have been targeted by Section 338 tariffs. Its Department of Finance said it would protect Canadian workers, producers and manufacturers by allowing them to better compete with U.S. products sold in the domestic market.

What new tariff walls in U.S.-Canada trade war mean for the economy’s critical metals

Existing Canadian counter-tariffs against the U.S., including 25% on the politically sensitive autos sector, remain in place.

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Trade talks between the longstanding allies fell apart at the end of August, with officials on each side blaming one another for the failure to reach a deal and publicly disagreeing over which areas they could not find compromise.

U.S. President Donald Trump on Monday called for a boycott of Canadian airplane manufacturer Bombardier, posting on Truth Social: “NO MORE SELLING BOMBARDIER IN THE UNITED STATES!”

The U.S. exported $333.6 billion worth of goods to Canada, and imported $381.9 billion from its northern neighbor. The pair share trade in many of the same sectors, including energy, vehicles, heavy machinery, aircraft, pharmaceuticals, gems and jewelry, furniture, clothing and a host of foods and drinks.

 

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