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"Dollar for dollar," Canada responds to the US with retaliatory tariffs

2026-08-25 23:50:33Kosova&Bota SHKRUAR NGA REDAKSIA VOX
"Dollar for dollar," Canada responds to the US with retaliatory
Minister of Finance and National Revenue, Francois-Philippe Champagne, speaks at a press conference on Canada's response to U.S. tariffs

Canada retaliated on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. imports and introduced support measures for businesses and workers, responding to Washington's latest tariffs equally, dollar for dollar.

The retaliatory tariffs on American goods take effect on September 8 and impose taxes of 15%, 25% and 50% on about 700 products imported from the neighboring country to the south, a government statement said.

New 50% tariffs imposed by US President Donald Trump on $20 billion worth of Canadian imports took effect on Saturday, after talks between the two countries failed.

These new reciprocal tariffs mark a low point in relations between the long-time allies; earlier Tuesday, Trump even threatened to rename Lake Ontario — which straddles both countries — "Lake America."

"Our retaliatory tariffs – dollar for dollar and rate for rate – as well as a multi-billion dollar support package, will protect workers, farmers, families and businesses," said Canadian Finance Minister François-Philippe Champagne.

The White House and the U.S. Trade Representative did not respond to a request for comment.

Canada imposed 50% tariffs on steel, aluminum, furniture and clothing; 25% tariffs on cheese, household appliances and some seafood; and 15% tariffs on electronics and tools, a Canadian government official told reporters.

Trump's new tariffs are relatively limited in scope, affecting about 5% of Canadian exports to the United States. However, trade analysts say they could have severe and concentrated consequences for some sectors that are already struggling, such as the wood products industry — particularly for kitchen cabinet makers.

The escalating trade conflict between the two neighboring countries could hit supply chains, businesses and consumers on both sides of the border. It also raises questions about the future of the United States-Canada-Mexico free trade agreement (USMCA).

However, some officials have left open the possibility of returning to negotiations, seeking an agreement that would avoid a longer trade war between two of North America's most important economic partners.


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