Canada slaps retaliatory tariffs on US goods
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Canada slaps retaliatory tariffs on US goods
Canada has announced counter-tariffs on US goods, ranging between 15 and 50 per cent, intensifying the trade war between the historically close allies. The retaliation will take effect on 8 September, a timeframe Canadian Prime Minister Mark Carney had earlier outlined after Trump's 50 per cent duties came into effect on Sunday. The steep US ...
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Ottawa outlined a $7.5-billion support package Tuesday for Canadian workers and businesses hit by American tariffs. The measures include easier access to Employment Insurance and a range of loan programs. The new 50-per-cent U.S. tariffs hit electronics, plastics, paper, furniture and home appliances, among other Canadian products. The U.S. measures target around 5 per cent of Canadian exports, with the damage concentrated in Ontario, Quebec and British Columbia. Business groups welcomed Ottawa’
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