WATCH THE VIDEO HERE Canada announced on Wednesday that it will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration’s steel and aluminum duties that took effect overnight. The new tariffs cover steel and aluminum, as well as other U.S. goods including computers, sports equipment, and cast iron products, Canadian Finance Minister Dominic LeBlanc said at a press conference. The tariffs will take effect on Thursday. Trump’s increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty-free quotas, and product exclusions expired, and as his campaign to reorder global trade norms in favor of the U.S. gains momentum. Canada is the biggest foreign supplier of steel and aluminum to the United States. The new Canadian duties are on top of the 25% counter-tariffs that Ottawa imposed on $30 billion worth of U.S. goods on March 4, in response to President Donald Trump’s broad-based tariffs on Canadian imports. On Monday, Carney said he could not speak with Trump until he was sworn in as prime minister. Trump again on social media said he wanted Canada “to become our cherished Fifty First State.” “This is much more than about our economy. It is about the future of our country,” said Melanie Joly, Canada’s foreign affairs minister, during Wednesday’s press conference. “Canadians have had enough, and we are a strong country,” Joly added. Trump is a devoted fan of tariffs who has touted them as key tools for negotiating with other countries, generating revenue, and protecting and boosting domestic industries.
Canada imposes 25% tariffs on $20 billion worth of U.S. goods in retaliation to Trump’s aluminum duties
