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Canada Announces Retaliatory Tariffs on $20B in U.S. Goods

Canada said the duties will hit steel, dairy and electronics, covering nearly $20 billion in U.S. imports, officials said.

  • On Tuesday, Canada announced retaliatory tariffs on nearly $20 billion worth of U.S. goods, matching Washington's duties "dollar for dollar" starting September 8.
  • Saturday's implementation of new 50% U.S. tariffs on Canadian imports triggered the response after trade negotiations between the two countries collapsed late last week.
  • Levies of 15%, 25%, and 50% will target 700 products, Canadian Finance Minister François-Philippe Champagne confirmed, while the government unveiled a $7.5 billion support package for affected businesses.
  • Industry Minister Melanie Joly stated the strategy aims to protect domestic companies and exert political pressure on U.S. states ahead of the November 3 midterm elections.
  • Citing "uneconomic" and "unfair" terms from the Trump administration, Canada Prime Minister Mark Carney recalled negotiators Friday as officials work to build a more resilient, diversified Canadian economy.
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OnManorama broke the news on Tuesday, August 25, 2026.
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