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.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 29 June, covering the latest developments you need to know.
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