Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
Canada is set to introduce retaliatory tariffs worth C$29.8 billion ($20.7 billion) in response to the 25% duties imposed by the United States on steel and aluminium imports, a senior Canadian government official confirmed on Wednesday.
Speaking on condition of anonymity ahead of the official announcement, the official stated that the measure aims to counter the trade restrictions implemented by U.S. President Donald Trump.
Canada’s response comes as part of a broader international reaction to Washington’s tariff policy. Earlier on Wednesday, the European Union also announced new duties on U.S. industrial and agricultural goods in response to the increased levies.
As the largest foreign supplier of steel and aluminium to the United States, Canada has been directly affected by the American tariffs. The decision to introduce countermeasures underscores the growing trade tensions between the two nations, as well as wider global concerns over protectionist policies.
The Canadian government is expected to provide further details on the tariffs and their potential impact in the official announcement.
China said it is ready to "continuously" boost strategic coordination with Moscow. Chinese Foreign Minister Wang Yi told Russian counterpart Sergey La...
Russia’s health watchdog said on Friday it is monitoring an anthrax outbreak in Kazakhstan’s Akmola region, where two villages were quarantined af...
EBRD stated that Ukraine urgently needs new generation capacity after Russian attacks severely damaged its power sector, creating a significant shortf...
Belarus will play an active part in next month’s United Nations conference for landlocked developing countries in Turkmenistan, Foreign Minister Mak...
Thirty PKK members, half of them women, publicly destroyed their guns on Friday in Iraq’s Sulaymaniyah province, the clearest sign yet that the outl...
U.S. President Donald Trump announced on Thursday that the United States will impose a 35% tariff on Canadian imports starting 1 August, increasing the previous rate of 25%. He also revealed plans to introduce blanket tariffs of 15% to 20% on most other trade partners.
Four men, including active military personnel, have been arrested in Canada charged with allegedly "planning to create anti-government militia" and "forcibly take possession of land" in the province of Quebec.
Two student pilots were killed when two single-engine training aircraft collided mid-air in southern Manitoba, Canadian authorities confirmed on Tuesday.
Canada has scrapped its digital services tax targeting U.S. technology firms just hours before it was set to take effect, in a move aimed at reviving stalled trade negotiations with the United States.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening investor confidence.
Turkmenistan has gathered 1.407 million tonnes of wheat, matching its 2025 goal after a round-the-clock harvest on 690,000 hectares that officials say was bolstered by new combines and higher state purchase prices.
Azerbaijan Railways CJSC signed a Memorandum of Understanding with the Chinese company 'Xi'an Free Trade Port Construction and Operation' and has opened its representative office and container terminal in the Xi'an International Port.
The UK and Japan have signed a Memorandum of Cooperation (MoC) aimed at enabling increased UK investment into Japan, further strengthening the economic ties between the two nations.
German inflation eased to 2.0% in June, the federal statistics office said on Thursday, confirming preliminary data.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment