Canada Imposes USD 19.94 Billion Retaliatory Tariffs on US Goods, Matches Donald Trump’s Duties Dollar-for-Dollar
Canada has announced retaliatory tariffs on CAD 27.6 billion (USD 19.94 billion) of US goods, matching Washington’s new duties dollar-for-dollar. The tariffs, ranging from 15% to 50%, will take effect September 8 across 700 products. Ottawa also unveiled a CAD 7.5 billion support package for businesses, workers and industries affected by the escalating trade war.
Canada on Tuesday announced retaliatory tariffs on CAD 27.6 billion (USD 19.94 billion) worth of United States goods, matching dollar-for-dollar the new duties imposed by Washington. The counter-tariffs will take effect on September 8 and cover about 700 products, with duties of 15%, 25% and 50%, the Canadian government said.
Ottawa also announced a CAD 7.5 billion package of new and enhanced measures aimed at helping businesses, workers and industries affected by the escalating trade dispute. The measures include support for small and medium-sized businesses, funding to help companies manage cash flow and assistance for workers at risk from the new tariffs. Donald Trump Threatens To Rename Lake Ontario ‘Lake America’ Amid Escalating Trade War With Canada.
Canada Imposes Retaliatory Tariffs on US Goods
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Canada Announces Dollar-For-Dollar Tariffs on US
The new Canadian duties follow President Donald Trump's decision to impose 50% tariffs on about USD 20 billion of Canadian imports from Saturday after talks between Washington and Ottawa aimed at preventing the measures broke down.
Canada said its response was designed to match the US action on a dollar-for-dollar basis. "Our dollar-for-dollar, rate for rate counter-tariffs as well as a multi-billion dollar support package will protect workers, farmers, families, and businesses," Canada's Finance Minister François-Philippe Champagne said. US-Canada Trade War: Donald Trump Announces 50% Tariffs on Autos and Steel From January 2027.
The latest measures mark another escalation in the trade dispute between the two countries, which share one of the world's largest bilateral trading relationships.
Tariffs Range From 15% To 50%
According to a Canadian government official, the new duties are structured to limit the impact on Canadian consumers and businesses while still putting pressure on US exporters. The highest 50% tariffs will apply to selected products in sectors including steel, aluminum, furniture and clothing.
A 25% tariff will apply to products including cheese, appliances and some seafood, while a 15% duty will cover electronics and tools, the official said. The measures will cover about 700 products imported from the United States.
Canada Unveils CAD 7.5 Billion Support Package
Alongside the retaliatory tariffs, Ottawa announced CAD 7.5 billion in new and enhanced financial support. The package includes measures for small and medium-sized businesses, a funding stream designed to support company cash flows and assistance for workers who could be affected by the new tariffs. The government said the measures are intended to cushion the impact of the escalating trade dispute on Canadian businesses and workers.
Trump's latest tariffs on Canadian goods came into effect on Saturday after negotiations between the two countries collapsed. The new measures represent a significant escalation in the Canada-US trade dispute and have raised concerns about the impact on businesses and consumers on both sides of the border.
Canada's latest response means both countries are now imposing broad tariffs on each other's goods, with Ottawa seeking to limit the domestic economic impact through targeted duties and financial support.
The latest tit-for-tat measures mark a new low in the Canada-US relationship, despite the countries' closely integrated economies and long-standing trade ties.
Ottawa's decision to combine retaliatory tariffs with a multi-billion-dollar support package reflects the government's effort to respond to Washington while shielding Canadian businesses and workers from the immediate effects of the trade conflict.
(The above story first appeared on LatestLY on Aug 25, 2026 09:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
