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Canada announces counter-tariffs on U.S. goodsThe measures are scheduled to begin September 8, 2026, covering steel, dairy products, electronics and other goods.
- From September 8, 2026, rates of 15%, 25% or 50% are planned for over 700 U.S. products, matching each U.S. rate.
- The top rate covers steel, aluminum, furniture and clothing; 25% applies to appliances, dairy, fish, seafood, and selected steel and aluminum derivatives.
- Ottawa announced a $7.5 billion support package, including $1.5 billion for small businesses and $2 billion for capital maintenance projects.
- Canada suspended trade talks after Ottawa deemed U.S. terms unacceptable; U.S. Trade Representative Jamieson Greer disputed that characterization.
When the United States asked too much and offered too little, we chose to stand up for Canadians.— Minister François-Philippe Champagne said in a statement.
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Dairy, fish, smartphones and shampoo: What Canadians will pay more for under new counter-tariffs
thestar.com/business/dairy-fish-smartphones-what-canadians-will-pay-more-for-under-new-counter-tariffs/article_9668b5c9-50e8-4a6a-91f6-fc1d0eb9ae88.html
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Key FactsCanada Announces Counter-Tariffs on U.S. Goods
Aug 25, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: time.com
Summary created with AI assistance · Source: time.com
- Trade negotiations broke down over the weekend, with both governments blaming the other side for last-minute changes.
- On Monday, Donald Trump announced that tariffs on Canadian cars, trucks, automotive parts and steel would rise to 50% from Jan. 1, 2027, in addition to the initial 50% tariffs.
- Finance Minister François-Philippe Champagne announced Tuesday that Canada would impose matching tariffs of 15%, 25% or 50% on corresponding U.S. imports starting Sept. 8.
- More than 700 U.S. products, including food, clothing and cosmetics, are expected to be affected, with Canada citing protection for domestic companies and reduced reliance on U.S. imports as its goals.
Ultimately, the terms proposed by the U.S. Administration were uneconomic, unfair, and ultimately unacceptable. They asked too much of Canada and offered too little in return.— François-Philippe Champagne, Canadian Finance Minister, during a press conference
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