Canada imposed tariffs on about 20 billion dollars of American goods on Tuesday, at rates of 15 per cent, 25 per cent or 50 per cent. FreightWaves reported that the duties took effect just after midnight and cover 27.6 billion Canadian dollars of US imports. The list includes steel, aluminium, cheese, appliances and farm equipment.
Canada imposed tariffs on about 20 billion dollars of American goods on Tuesday, at rates of 15 per cent, 25 per cent or 50 per cent. FreightWaves reported that the duties took effect just after midnight and cover roughly 27.6 billion Canadian dollars, or 20 billion dollars, of US imports. Ottawa says the measures match the American steps dollar for dollar. The step answers Washington's latest round of levies.[1], [2]
The list runs to hundreds of products, among them steel, aluminium, cheese, appliances, clothing, cosmetics and farm equipment. FreightWaves reported that American milk, golf clubs, jackets and T-shirts face 50 per cent tariffs, cheese and some air conditioners 25 per cent, and forklifts 15 per cent. Talks between the two governments collapsed on 21 August. Dairy sits on the list alongside steel and aluminium.[1], [2]
The measures cover roughly 6 per cent of the 333.6 billion dollars the United States exported to Canada last year. FreightWaves put the new tariffs at about 8 per cent of Canada's imports from the United States. RBC Economics, the research arm of the Royal Bank of Canada, said they were unlikely to dent American growth overall.[1], [2]
