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From CNBC: Canada said Wednesday it will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration’s steel and aluminum duties that took effect overnight.
The new tariffs cover steel and aluminum, as well as other U.S. goods including computers, sports equipment and cast iron products, Canadian Finance Minister Dominic LeBlanc said at a press conference.
They will take effect Thursday, LeBlanc said.
The new Canadian duties are on top of the 25% counter-tariffs that Ottawa slapped on $30 billion worth of U.S. goods on March 4, in response to President Donald Trump’s imposition of broad-based tariffs on Canadian imports.
Those Canadian countermeasures remain in place, despite Trump issuing temporary exemptions for some of his tariffs on March 6 following a severe stock market sell off.
READ MORE from CNBC.
Finance Minister Dominic LeBlanc announces 25% reciprocal tariffs on an additional $29.8 billion in American goods entering Canada. pic.twitter.com/e1BvX1QiTz
— Rebel News (@RebelNewsOnline) March 12, 2025
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods https://t.co/qm68mYsgE5
— CNBC (@CNBC) March 12, 2025
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