Canada Targets More Than 700 U.S. Products With New Tariffs Worth $27.6B
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Canada announced new tariffs Tuesday, August 25, on more than 700 U.S.-origin products worth C$27.6 billion, with rates of 15, 25 and 50 per cent taking effect at 12:01 a.m. on September 8.
The measures respond to the United States' 50 per cent tariffs on C$27.6 billion worth of Canadian goods that took effect August 22. Ottawa says its response is designed to match the latest U.S. measures dollar for dollar and rate for rate.
Products facing 50 per cent tariffs include certain steel, aluminum, furniture and clothing. Cheese, appliances, some fish and seafood, and selected steel and aluminum derivatives fall into the 25 per cent category, while some electronics and tools will face 15 per cent duties.
The broader list also covers selected prepared foods, perfumes and toiletries, plastics, lumber, pulp and paper products, carpets, machinery, electrical equipment, motorcycles, furniture and gaming equipment. The tariffs apply only to goods originating in the United States.
For Canadian consumers, inclusion on the list does not automatically mean retail prices will rise by the full tariff rate. Importers and retailers may absorb some of the additional cost, pass it on to shoppers or switch to Canadian and other foreign suppliers. Products with fewer alternatives could face greater price pressure.
Ottawa says the list is focused on sectors most affected by U.S. tariffs, including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Industry Minister Mélanie Joly said the measures are intended to protect Canadian businesses while also applying targeted pressure on U.S. industries.
U.S. goods already in transit to Canada when the new tariffs take effect will not be subject to the measures. Existing Canadian counter-tariffs, including those affecting automobiles, will remain in place separately.
