Canada announces additional tariffs on $20.7 billion of US goods
Canada announced additional tariffs on US goods worth Can$29.8 billion ($20.7 billion) on Wednesday, in retaliation against the US's 25% tariffs on steel and aluminum.
- Economy
- AFP
- Published Date: 06:26 | 12 March 2025
Canada on Wednesday announced additional tariffs on Can$29.8 billion ($20.7 billion) of US goods, retaliating against sweeping American levies on steel and aluminum.
"We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted," Canadian Finance Minister Dominic Leblanc told reporters.
He called US President Donald Trump's 25 percent steel and aluminum tariffs implemented Wednesday "completely unjustified, unfair and unreasonable."
Leblanc said Canada will be imposing on Thursday 25 percent tariffs on a new list of US goods that include steel products worth Can$12.6 billion, aluminum worth Can$3 billion, and products ranging from computers to sports equipment.
The new measures are in addition to a 25 percent tariff on US goods worth Can$30 billion that Ottawa imposed earlier this month in response to Trump's initial round of trade levies against Canadian products.