Canada to impose retaliatory tariffs on nearly $20 billion of U.S. goods from September 8
🇨🇦 Canada announced tariffs on C$27.6 billion, or nearly $20 billion, of U.S. imports, with rates of 15%, 25%, and 50% covering roughly 700 products. The measures will take effect at 00:01 on September 8.
🏭 Higher tariffs will target steel, aluminum, furniture, clothing, household appliances, dairy products, seafood, and electronics. Ottawa also introduced a C$7.5 billion support package for affected businesses and workers.
📊 The move responds to the U.S. imposing 50% tariffs on about $20 billion of Canadian goods, increasing the risk of higher costs and supply-chain disruption across North America, particularly in steel, aluminum, and consumer goods.
👀 Markets will now focus on Washington’s response and whether negotiations resume before September 8, as further retaliation could broaden the trade dispute.
#Canada $CADL.US $CAKE $NAVER
🇨🇦 Canada announced tariffs on C$27.6 billion, or nearly $20 billion, of U.S. imports, with rates of 15%, 25%, and 50% covering roughly 700 products. The measures will take effect at 00:01 on September 8.
🏭 Higher tariffs will target steel, aluminum, furniture, clothing, household appliances, dairy products, seafood, and electronics. Ottawa also introduced a C$7.5 billion support package for affected businesses and workers.
📊 The move responds to the U.S. imposing 50% tariffs on about $20 billion of Canadian goods, increasing the risk of higher costs and supply-chain disruption across North America, particularly in steel, aluminum, and consumer goods.
👀 Markets will now focus on Washington’s response and whether negotiations resume before September 8, as further retaliation could broaden the trade dispute.
#Canada $CADL.US $CAKE $NAVER
