How P.E.I. Is Preparing as the Canada-United States Trade Standoff Escalates
Premier Rob Lantz says up to $10 million in exports could be hit as Ottawa rolls out $7.5 billion in support for tariff-affected businesses.
5 Articles
5 Articles
Canada has announced import tariffs on American goods worth the equivalent of 27.6 billion Canadian dollars (17 billion euros). With this, the country is retaliating for the tariffs imposed by the Trump administration on Canadian goods "dollar for dollar," the government reported. The tariffs target steel, dairy products, agricultural machinery, and electronics, among others.
Canada Matches U.S. Levies with $27.6B in Counter-Tariffs
Roughly 700 American products will be caught up in Canada’s retaliation against Washington’s latest tariff wave, as Ottawa escalates a trade fight that intensified after negotiations between the two countries collapsed late last week. Finance Minister François-Philippe Champagne said the federal government will hit $27.6 billion worth of U.S. imports with dollar-for-dollar, rate-for-rate counter-tariffs beginning September 8. Rates are set at 15…
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