Canada introduces 25% reciprocal tariffs in response to U.S. steel, aluminum tariffs

Canada has responded to a 25 per cent U.S. tariff on steel and aluminum from Canada by introducing 25 per cent reciprocal tariffs on an additional $29.8B of imports from the U.S., Finance and Intergovernmental Affairs Minister Dominic LeBlanc announced Wednesday. It will go into effect overnight on Thursday.

• Tariff war forcing N.B. to cut trade barriers, go into deficit in next week’s budget
• Canada unveils $29.8B counter-tariffs on U.S., ‘will not stand idly by’