Canada to Unveil New Tariffs Against $21 Billion of US Goods
Measure Targets US Steel, Aluminum, Computers and Sporting Goods
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Canada announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of U.S.-made items after the Trump administration went ahead with global levies on imports of steel and aluminum.
The retaliatory measures will target U.S. steel and aluminum products as well as consumer items such as computers and sporting goods. The new levies match the U.S. tariffs 鈥渄ollar for dollar鈥 and will take effect at 12:01 a.m. New York time on March 13, Canadian Finance Minister Dominic LeBlanc said.
In total, the Canadian retaliation will affect C$12.6 billion of steel products, C$3 billion of aluminum and C$14.2 billion on other items.
The European Union has also announced retaliation against Trump鈥檚 metal tariffs, imposing its own duties on up to 26 billion euros ($28.3 billion) worth of American goods.
The U.S. administration鈥檚 unjustified tariffs on aluminium and steel will harm industries, workers, and families on both sides of the border. 鈥 M茅lanie Joly (@melaniejoly)
Melanie Joly, Canada鈥檚 foreign minister, said the U.S. tariffs are 鈥渦njustified and unjustifiable.鈥 She said she鈥檒l raise the issue with U.S. Secretary of State Marco Rubio at the Group of Seven foreign ministers meeting, which Canada is hosting for the next three days in a rural region of Quebec.
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鈥淲e need to fight back against this nonsense,鈥 Joly said.
Last week, Prime Minister Justin Trudeau鈥檚 government put tariffs in place on C$30 billion of U.S. products 鈥 including hundreds of consumer items such as alcoholic drinks, cosmetics and peanut butter 鈥 in response to President Donald Trump鈥檚 move to place 25% tariffs on many Canadian goods.
Written by Brian Platt, Josh Wingrove and Mathieu Dion
