Canada's retaliatory tariffs on more than 700 U.S. goods valued at 27.6 billion Canadian dollars (about 20 billion U.S. dollars) are set to take effect on Tuesday.
The Canadian federal government announced the tariffs on August 25, in response to the U.S. 50-percent tariffs on 20 billion U.S. dollars worth of Canadian goods that took effect on August 22.
Canadian officials said the countermeasures match the total value of Canadian products targeted by the latest 50-percent U.S. tariffs, achieving a "dollar-for-dollar, rate for rate" response.
According to a list released by the Canadian Finance Ministry, the new targeted counter-tariffs are concentrated in sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with tariff rates set at three tiers: 15 percent, 25 percent and 50 percent.
In certain sectors, such as steel and aluminum, existing counter-tariffs will increase from 25 percent to 50 percent to match U.S. rates. Other existing counter-tariffs, including those against U.S. autos, will also continue to apply, said the ministry.
A 25-percent tariff will be levied on dairy products such as cheese, fish, seafood, and certain steel and aluminum derivatives.
Canada's counter-tariffs on U.S. goods to take effect
