Canada imposes 25% tariffs on U.S. imports amid trade dispute
The Canadian government announced on Wednesday trade countermeasures against the United States after President Donald Trump’s administration imposed 25% tariffs on steel and aluminum imports, Agerpres reports, citing EFE.
Starting Thursday, Canada will impose a 25% tariff on U.S. imports valued at 29.8 billion Canadian dollars (20.7 billion U.S. dollars), according to a statement from Finance Minister Dominic LeBlanc, Foreign Minister Mélanie Joly, and Industry Minister François-Philippe Champagne.
At midnight on Tuesday, new tariffs on global steel and aluminum imports took effect. These are in addition to those imposed by the U.S. administration last week on Canadian products not covered by the USMCA trade agreement.
LeBlanc stated at a press conference that the retaliatory tariffs will target U.S. steel imports valued at 12.6 billion Canadian dollars. These tariffs will also impact other goods worth 14.2 billion Canadian dollars, including tools, computers, sports equipment, and stamped metal products.
These new tariffs add to those Canada has already imposed since early March on other American imports valued at 30 billion Canadian dollars, including alcoholic beverages, orange juice, and household appliances, Agerpres reports.
Translation by Iurie Tataru
