Canada Hits Back With 25% Tariffs on US Lumber and 50% on Plywood
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Three retaliatory tariffs on American goods, at 15%, 25%, and 50%, will take effect Tuesday. They will apply to $27.6 billion worth of U.S. imports, the equivalent of Canadian exports to the U.S., which have been subject to a 50% tariff since August 22.
Canada is responding to Donald Trump. Starting Tuesday, it will begin levying tariffs of up to 50 percent on American goods. The restrictions will apply to imports worth $27.6 billion. Prime Minister Mark Carney argues that Washington "asked too much and offered too little."
Canada Hits Back With 25% Tariffs on US Lumber and 50% on Plywood
Importers bringing American softwood lumber into Canada will start paying a 25 per cent surtax on Tuesday, with plywood, LVL, and dissolving pulp subject to a 50 per cent surtax. That is according to Finance Canada, which published the tariff item by item late last month. “Today, I’m announcing that Canada will match the US […]
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