OTTAWA, Ontario (AP) \u2014 Canada has pledged to roll out \u201cdollar-for-dollar\u201d countertariffs on scores of U.S. goods in response to President Donald Trump\u2019s latest import taxes, which have plunged the North American neighbors deeper into a bitter trade war.<\/p>\n
Ottawa released a list of more than 700 targets. Starting on Sept. 8, Canada\u2019s government says it will impose steeper import taxes on goods ranging from fish and cheese to smartphones and steel imported from the United States.<\/p>\n
Canada said it was focusing its retaliation on products \u201cmost affected by U.S. tariffs.\u201d The levies will be set at 15%, 25% or 50% \u2014 rates that the government said would match U.S. tariffs on goods targeted in Washington\u2019s latest round as well as products covered by previously imposed sectoral duties.<\/p>\n
The announcement on Aug. 25 came just days after the Trump administration\u2019s 50% tariffs on roughly $20 billion of Canadian goods, ranging from honey to hockey sticks, took effect.<\/p>\n
That represents just 5% of the value of goods Canada sent to the United States last year, but the punishing rate comes on top of a series of tariffs Trump has imposed on the country during his second term in office.<\/p>\n
More threats of escalation have piled up in the meantime. As a result, businesses \u2014 and, by extension, households \u2014 on both sides of the border could soon feel the strain of even higher prices.<\/p>\n
Canada Details Retaliation Plans For U.S. Steel, Fish And More<\/p>\n
Many of the goods are highly specific and mirror products on which Washington began imposing 50% tariffs recently.<\/p>\n
The list also includes products made of steel and aluminum, which already face a 50% U.S. sectoral tariff on most imports globally, although some goods qualify for lower duties under an adjustment rolled out by the White House earlier this year.<\/p>\n
Some of the many U.S. items Canada is now targeting include:<\/p>\n
\u2022 Live and frozen fish, crustaceans, oysters and mussels.<\/p>\n
\u2022 Cheese and curd products.<\/p>\n
\u2022 Natural honey, molasses and baking mixtures.<\/p>\n
\u2022 Perfume, makeup and hair preparations.<\/p>\n
\u2022 Carpets and other floor coverings.<\/p>\n
\u2022 Toilet paper, facial tissues and envelopes.<\/p>\n
\u2022 T-shirts, jackets, coats and gloves.<\/p>\n
\u2022 Various metal products made of steel or aluminum, including wire, rods, pipes and foil.<\/p>\n
\u2022 Stoves, ranges, refrigerators and other household appliances.<\/p>\n
\u2022 Smartphones and video game consoles.<\/p>\n
\u2022 Motorcycles and trailers.<\/p>\n
\u2022 Fishing rods and exercise equipment.<\/p>\n
U.S. Already Slapped A Long List Of Canadian Goods With New Tariffs<\/p>\n
The Trump administration already outlined its own lengthy list of more than 550 Canadian products that are now subject to 50% tariffs.<\/p>\n
That list includes natural honey, vegetable seeds and flower bulbs; alcoholic beverages such as beer and vermouth; ice skates and other sports accessories; various household goods; and smartphones.<\/p>\n
Trump imposed the tariffs by reaching back to a long-dormant Great Depression-era law. Section 338 of the Tariff Act of 1930, which has never been used before, authorizes the president to impose import taxes of up to 50% on goods from countries that have discriminated against U.S. businesses.<\/p>\n
Trump claimed that Canada discriminated against U.S. autos, alcohol and dairy products, particularly following the implementation of his earlier import taxes last year. It\u2019s worth noting that the list of Canadian goods facing the latest levy is far more diverse.<\/p>\n
More Threats Of Escalation Pile Up<\/p>\n
Threats of stronger countermeasures and further escalation have continued to pile up \u2014 and it\u2019s possible that even more products could face steeper import taxes down the road.<\/p>\n
Trump took to social media on Aug. 24 to say that his administration would also increase tariffs on Canadian cars, trucks, automotive parts and steel to 50% starting Jan. 1.<\/p>\n
Like other countries, Canada currently faces a broader 25% tariff on autos. A 50% sectoral tariff on most steel imports is already in effect.<\/p>\n
Canadian Prime Minister Mark Carney said the auto-sector proposal would \u201cgradually dismantle\u201d Canadian production.<\/p>\n
He also accused Washington of trying to subordinate Canada and said U.S. demands during the failed talks showed that Americans wanted to \u201cdestroy our major industries.\u201d<\/p>\n
Beyond tariffs, Trump added another provocation on Aug. 27, renaming Lake Ontario to be known as \u201cLake America\u201d in the United States amid a feud with Ontario Premier Doug Ford.<\/p>\n
Ford told The Associated Press that his province would be ready to cut off electricity and critical minerals to the United States if the trade war worsens.<\/p>\n","protected":false},"excerpt":{"rendered":"OTTAWA, Ontario (AP) \u2014 Canada has pledged to roll out \u201cdollar-for-dollar\u201d countertariffs on scores of U.S. goods in…\n","protected":false},"author":2,"featured_media":197626,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61900,525,17,51496,14740,7033,6222,386,113,15846,39337,401],"class_list":["post-197625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-agritrucker","tag-business","tag-canada","tag-cheese","tag-dairy","tag-electricity","tag-fish","tag-markets","tag-politics","tag-seed","tag-taxes","tag-trade"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/197625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=197625"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/197625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/197626"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=197625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=197625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=197625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}