Eby Invokes Canadian Kindness After 9-11 in Support of Ottawa’s Retaliatory Tariffs
The counter-tariffs cover about $20 billion in U.S. goods and raise some steel and aluminum duties to 50%, officials said.
- On Tuesday, Canada's retaliatory tariffs on about $20 billion in American goods took effect, marking a major escalation in the trade war following President Donald Trump's 50% tariffs on Canadian imports in late August.
- Negotiations fell apart last month, prompting the administration to impose 50% tariffs on an estimated 5% of Canadian imports. Trump claimed Canada treats the U.S. like a "piggybank," demanding companies build manufacturing facilities within the United States.
- Canada's counter-tariffs range from 15% to 50% across goods like dairy, steel, and appliances. Gov. Janet Mills and U.S. Sen. Susan Collins expressed concern, warning the trade conflict harms families in both nations.
- Padhraic Garvey, head of research at Dutch bank ING, said the impact on American consumers is likely "relatively minimal." However, experts warn decreased trade efficiency could result in higher prices for consumer goods over the coming months.
- Trump threatened last month to double U.S. tariffs on Canada's auto industry to 50% beginning Jan. 1, 2027. If implemented, experts anticipate American consumers will face higher prices for new vehicles due to reliance on Canadian manufacturing plants.
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Eby invokes Canadian kindness after 9-11 in support of Ottawa’s retaliatory tariffs
VICTORIA — British Columbia Premier David Eby has invoked the memory of the 9-11 terrorist attacks and Canadian efforts to help their neighbours as he voices support for Ottawa's counter tariffs in the trade conflict with the United States. Eby says Ca...
Business - Canada PM stands his ground as Ottawa's retaliatory tariffs on US goods take effect
Canadian Prime Minister Mark Carney said it was a shame that trade talks with the US collapsed but that he would continue to fight to protect Canada's sovereignty, as his government's promised counter-tariffs on $20 billion worth of US exports took effect. Also in the segment, Cuba says economic damage from decades of US trade embargo has risen to a record $8 billion.
On Tuesday, Ottawa activated the retaliatory customs duties on imports from the US, following the suspension of trade negotiations and the new tariffs imposed by Donald Trump.
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