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Canada’s counter-tariffs on American goods, ranging from seafood to furniture and worth $20 billion, went into effect just after midnight on Sept. 8 as Canadian Prime Minister Mark Carney sought to hit back following the collapse of trade talks last month.
Canada says its tariffs match Washington’s dollar for dollar, and cover about 6 percent of the $333.6 billion the United States exported to Canada last year. RBC Economics, the research arm of the Royal Bank of Canada, said the Canadian tariffs could hit some U.S. businesses hard but were unlikely to dent growth overall.
Canadian Finance Minister François-Philippe Champagne announced the tariffs on Aug. 25, following the collapse of trade talks between Washington and Ottawa on Aug. 21….
Canada says its tariffs match Washington’s dollar for dollar, and cover about 6 percent of the $333.6 billion the United States exported to Canada last year. RBC Economics, the research arm of the Royal Bank of Canada, said the Canadian tariffs could hit some U.S. businesses hard but were unlikely to dent growth overall.
Canadian Finance Minister François-Philippe Champagne announced the tariffs on Aug. 25, following the collapse of trade talks between Washington and Ottawa on Aug. 21….
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