Canada Announces Retaliatory Tariffs on $20 Billion of US Goods

Canada announced retaliatory duties on C$27.6 billion (roughly $19.94 billion USD) of American goods on Tuesday, August 25, 2026, matching Washington's tariffs dollar-for-dollar. The counter-tariffs, taking effect September 8, impose 50% duties on steel, aluminum, furniture, and clothing; 25% on cheese, appliances, and some seafood; and 15% on electronics and tools, spanning roughly 700 US products. Prime Minister Mark Carney's government also unveiled a C$7.5 billion support package for affected businesses and workers, including cash-flow funding for small and medium-sized enterprises. The move follows the collapse of US-Canada trade talks on August 21 and the 50% US tariffs on $20 billion of Canadian goods that took effect that weekend.