Canada’s retaliatory tariffs set to take effect
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Canada has confirmed that retaliatory tariffs on US imports will take effect at 12:01 am (0401 GMT) on Tuesday as the trade dispute between the two countries escalates. Canada's Finance Ministry confirmed the measures in response to an enquiry from dpa.
Consumers shopping for Canadian products may see higher price tags as the effects of President Donald Trump’s most recent tariffs kick in.
Canadian government officials said they are also providing aid for workers and businesses that could be hurt by U.S.-imposed tariffs.
The U.S.-Canada trade dispute and the descent into a retaliatory tariff blitz complicated the job for the Bank of Canada in its Wednesday decision.
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WASHINGTON, D.C. — Unless Washington and Ottawa change course, Canada’s retaliatory tariffs on more than 700 U.S. products entering Canada — covering CA$27.6 billion in annual imports — are scheduled to take effect Tuesday.
Monday is the last day before Canada’s “dollar for dollar” retaliatory tariffs are set to go into effect, two weeks after President Trump put 50 percent levies on $27.6 billion