Canada announced retaliatory tariffs of up to 50 percent on $20 billion worth of U.S. goods on Tuesday, matching Washington dollar-for-dollar after trade negotiations collapsed. The counter-tariffs take effect September 8 alongside a C$7.5 billion aid package, marking a severe escalation in the bilateral trade war.
Ottawa Targets $20 Billion in U.S. Imports With Rate-for-Rate Counter-Tariffs
Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports, matching Washington’s latest duties dollar-for-dollar following the dramatic collapse of bilateral trade talks. Today I'm announcing that Canada will match the United States tariffs dollar for dollar, rate for rate,
Canadian Finance Minister François-Philippe Champagne said. The counter-tariffs take effect on September 8 and impose duties of 15%, 25%, and 50% across roughly 700 products imported from the United States, according to Canadian officials. The counter-tariffs take effect September 8 on 700 US products, government says. Canada on Tuesday announced retaliatory tariffs on C$27.6 billion ($19.94 billion) worth of United States goods, matching dollar-for-dollar new duties imposed by Washington, and unveiled financial support for Canadian businesses and workers caught in the escalating trade war. This is an unprecedented challenge imposed on Canada. But Canada will meet the moment,
Finance Minister Francois-Philippe Champagne said. I think what Canadians can see this morning is that we stand united,
he added. Canada must respond and today we are, in a proportionate, targeted and strategic way.
Steel, Dairy, and Electronics Face Ranging Duties Across 700 Sourced Products
Canadian officials said Tuesday that the retaliatory tariffs match US levels, with impacts on industries including steel, dairy and electronics. The Canadian tariffs are expected to affect $20 billion of American goods including U.S. steel, aluminum, motorcycles, washers and dryers, chain saws, processed cheese, clams, and frozen octopus. The list includes frozen and fresh fish, consumer goods like dishwashers and washing machines, as well as industrial products including railway construction materials. Other American goods targeted include construction materials, agricultural products, dairy, seafood, paper products, home appliances, and more.
Industry Minister Melanie Joly echoed Champagne’s call for Canadians to support local businesses, while vowing to work with new allies and trading partners. Industry Minister Melanie Joly says the response also targets specific U.S. states.
Ottawa Unveils C$7.5 Billion Support Package and Interest-Free Loans
Canada announces C$7.5 billion support package for businesses and workers hit by tariffs. In terms of financial support for affected workers and industries, Canada announced a C$7.5 billion package of new and enhanced measures including support for small and medium-sized businesses, a stream for funding cash flows of companies, and support for workers who could be at risk due to the new tariffs.
Federal lender BDC to offer interest-free loans of C$2.5 million to C$5 million.
Escalating Animosity and Threats Over Autos, Electricity, and Sovereignty
U.S. President Donald Trump’s new 50% tariffs on $20 billion of Canadian imports took effect on Saturday after talks between the two countries collapsed. President Donald Trump’s new 50% tariffs across $20 billion of Canadian imports took effect Aug. 22 after talks between the two countries to avert the tariffs collapsed. The new tit-for-tat tariffs mark a new low in relations between the longtime allies, and Trump earlier on Tuesday threatened to rename Lake Ontario, which straddles both countries, “Lake America.”
Canadian Prime Minister Mark Carney speaks about the trade dispute with the United States at the Davie Shipyard in Levis, Quebec, Canada on August 24, 2026. Negotiations between the two countries broke down last week, prompting Canadian Prime Minister Mark Carney to describe his country as being “at war” with Trump on trade.
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