Canada applies tariffs on US goods

Canada announced that it will impose retaliatory tariffs on American imports valued similarly to the tariffs imposed by the United States, starting from September 8th, as part of a escalation in the trade dispute between the two countries. The new tariffs will cover sectors such as steel, dairy products, household appliances, agricultural equipment, and electronics, after trade negotiations were hindered by American demands to tighten truck manufacturing regulations and measures restricting Canada's ability to sign international agreements. This escalation follows Washington's imposition of a 50% tariff on hundreds of Canadian goods valued at nearly $20 billion, amid a bilateral trade flow of approximately $900 billion annually. These developments threaten the Canadian economy and impact the tourism and commercial sectors. Canadians support their government’s hardline stance toward the United States, amid expectations that the repercussions could extend to other sectors.

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