03/12/2025

Canada Announces Retaliatory Tariffs on Nearly $30 Billion Worth of U.S. Imports

Canadian government says it will follow a ‘dollar-by-dollar’ tariff approach

Canada announced retaliatory tariffs on nearly $30 billion worth of American imports after U.S. tariffs on steel and aluminum imports went into effect on Wednesday.

The Canadian government said it will be following a “dollar-by-dollar” approach and institute 25 percent tariffs on American imports, including steel, computers and sports equipment.

Donald Trump first announced the tariff on all steel and aluminum imports in February and scheduled them to go into effect on Wednesday. The tariffs going into effect has started a chain reaction of retaliatory tariffs as countries around the world decide how to respond to Trump's policy.

Please select this link to read the complete article from The Guardian.