Canada doubles tariffs on US steel and aluminum to 50%

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Prime Minister Mark Carney’s government announced the doubling of Canada’s counter-tariffs on US steel and aluminum, rising from 25% to 50%. These measures, which take effect on September 8, will target approximately C$27.6 billion (US$20 billion) in US imports. The value of affected products roughly matches the impact of tariffs imposed by the United States on Canadian goods. Other products affected include golf clubs, smartphones, video-game consoles, apparel, fish, furniture, fresh cheese, and freezers. This decision marks a harder line from Carney’s government as the two countries remain locked in a trade dispute.

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