Canada has announced retaliatory tariffs on US goods of up to 50%, described as 'dollar-for-dollar' and targeting products from steel to furniture, fresh tuna and makeup, in what the BBC calls the latest escalation of an ongoing US-Canada trade war.
Live updates
Loading updates…
Key facts
- Canada announced retaliatory tariffs on US goods reaching as high as 50%, according to the BBC.
- The measures are described as 'dollar-for-dollar' in response to US actions.
- Affected goods include steel, furniture, fresh tuna and makeup.
- The BBC describes the move as the latest escalation in an ongoing US-Canada trade war.
Canada has announced new retaliatory tariffs on US goods, with some levies reaching as high as 50%, according to the BBC. The measures represent the latest escalation in an ongoing trade war between the two countries.
The new tariffs have been described as ‘dollar-for-dollar’, according to the BBC, which reported the measures in response to US trade actions.
The BBC reports that the levies will apply to a range of goods, including steel, furniture, fresh tuna and makeup, spanning both industrial materials and consumer items.
Further details, including when the tariffs take effect, their full scope and the specific US measures they respond to, were not set out in the available reporting.
Why it matters
Escalating tariffs between the US and Canada can raise costs for businesses and consumers, though the full economic impact of these measures is not yet clear from the available reporting.
Frequently asked questions
How high are Canada's new tariffs on US goods?
According to the BBC, the new retaliatory tariffs reach as high as 50%.
Which US products are affected?
The BBC reports that the new levies apply to goods including steel, furniture, fresh tuna and makeup.
Why has Canada imposed these tariffs?
Canada described the measures as 'dollar-for-dollar' retaliation, marking the latest escalation in an ongoing trade war with the US, according to the BBC.
Timeline
- Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50%
BBC World: The latest escalation in an ongoing trade war between the US and Canada will see new levies on goods from steel to furniture, fresh tuna and makeup.