Canada Set to Impose Tariffs Tuesday as Trump Threatens Escalation
Canada will impose new tariffs on US goods Tuesday. The tariffs start at 12:01 a.m.
Eastern Time. They range from 15% to 50%.
The tariffs cover C$27.6 billion in imports. These include steel, dairy, appliances, farm equipment, paper products and electronics.
This follows President Trump's announcement of 50% tariffs on Canadian goods. The United States is Canada's largest trading partner.
Trade talks between the two countries recently collapsed. Canada had promised to match new US tariffs.
Washington also warned of another round of tariffs. This warning came as Canada's tariffs were about to start.
Trump also threatened to escalate the trade dispute further. His threats included higher tariffs on cars. He also mentioned possible action against Bombardier.
Key Terms 3
- tariffs Extra taxes on goods brought in from another country.
- C$ Canadian dollars, the currency used in Canada.
- Bombardier A Canadian company that makes airplanes and trains.