Canada announces retaliatory tariffs on U.S.

OTTAWA, Canada — Canada announced Tuesday it will match the tariffs the United States imposed on its imports “dollar for dollar, rate for rate.” Effective Sept. 8, Canada will impose tariffs of up to 50% on $27.6 billion in U.S. imports, including steel, dairy products, appliances and farm equipment.

“When the United States of America asked too much and offered too little, we made a choice,” Canada’s Minister of Finance Francois-Philippe Champagne said at a news conference announcing the tariffs. “We chose Canada.”

Canada’s retaliatory tariffs are in response to the Trump administration enacting 50% import duties on $28 billion of Canadian goods over the weekend after talks between the countries broke down. President Donald Trump has also threatened new 50% tariffs on Canadian vehicles, auto parts and steel.

Canada and the United States share one of the world’s largest trading relationships, with deeply integrated supply chains across autos, energy, agriculture and manufacturing, making a prolonged trade fight potentially costly for businesses and workers on both sides of the border.

Champagne said Tuesday that in addition to tariffs of 15%, 25% or 50% on targeted U.S. goods that directly match the American tariff on the same type of Canadian good, the country will provide $7.5 billion in support for Canadian workers and businesses affected by the trade war.

“Over the past several months, our government has worked intensely and in good faith to reach a mutually beneficial trade agreement with the United States of America,” he said. “Ultimately, the terms proposed by the U.S. administration were uneconomic, unfair and ultimately unacceptable.”

Champagne said Canada’s counter-tariffs are intended to protect Canadian industries impacted by U.S. tariffs and allow them to compete against U.S. products in the Canadian market.

Prior to Canada’s announcement Tuesday, Trump wrote several posts on Truth Social complaining about the United States’ neighbor to the north.

“Over the last 10 years, the United States lost, on average, 60 Billion Dollars a year with Canada. No more!” he wrote in one post.

“Canada has been ‘Ripping Off’ the U.S.A. for decades,” he wrote in another, adding: “I deal with many countries, and Canada is easily the most difficult and unreasonable. They feel entitled, but they are not a State, and will be entitled no longer!”

The Associated Press contributed to this report.