Canada retaliates against U.S. tariffs by hitting $20B of goods

The back-and-forth levies followed weeks of trade negotiations that broke down, putting the longtime allies on unfamiliar footing.

The Canadian government on Tuesday retaliated against President Donald Trump’s latest wave of tariffs by raising rates on steel products and adding a swath of new duties on $20 billion worth of U.S. products exported to Canada.

The new duties of between 15% and 50% will take effect on Sept. 8, the Canadian government said. A list of the products affected by the counter-tariffs contained more than 800 entries.

The duties “will focus on sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, that are most impacted by U.S. tariffs,” Canada’s Finance Ministry said.

“We stand united in fighting for Canada,” Finance Minister François-Philippe Champagne said in a statement. “As the Prime Minister has said, we will support our workers, our businesses, and our industry with whatever it takes for as long as it takes.”

Champagne said Canada’s response was tailored to “match the American tariff on the same type of Canadian good.”