Canada will impose C$29.8 billion in retaliatory tariffs on U.S. goods, effective March 13, in response to U.S. President Donald Trump's steel and aluminum tariffs, announced Canadian Finance Minister Dominic LeBlanc on Wednesday, March 12.
The tariffs come after the expiration of previous exemptions, duty-free quotas, and product exclusions, as Trump moves forward with his plan to reshape global trade rules in favor of the United States. Canada, the largest foreign supplier of steel and aluminum to the U.S., is now targeting steel products worth C$12.6 billion, aluminum products worth C$3 billion, and an additional range of U.S. goods valued at C$14.2 billion. Among the products affected by the counter-tariffs are computers, sports equipment, and cast iron items.
LeBlanc confirmed that this move is in direct response to the U.S. tariffs, which took effect on March 12, marking an escalation in the ongoing trade conflict. The Canadian government’s approach follows a dollar-for-dollar principle, ensuring that retaliatory measures mirror the scope of U.S. tariffs.
In parallel, Canada's Foreign Minister, Mélanie Joly, condemned Trump’s recent remarks, including his suggestion that the U.S. should annex Canada as its 51st state. Speaking at a press conference, Joly emphasized that Canadians would not be intimidated by economic coercion, rejecting Trump's characterization of the border as a "fictional line."
Joly also pointed out that the economic strain caused by rising prices for goods like groceries and gasoline was a direct result of U.S. tariffs, not Canada’s actions. "There are no winners in a trade war," she said, adding that Canada would work with European allies to pressure the U.S. to end its tariff measures.
Meanwhile, Canada's Minister of Innovation, Science, and Industry, François-Philippe Champagne, expressed that while Canada did not wish to engage in retaliatory measures, it had been forced to act in defense of its economy. He noted that Canada was not alone in opposing U.S. tariffs, with the European Union and Japan also reacting against what they considered unjustified trade actions.
The trade dispute coincides with a shift in Canadian leadership. Prime Minister Justin Trudeau is preparing to hand over power to his successor, Mark Carney, who won the Liberal Party leadership race on Sunday. Carney, who is set to take office this week, stated that he would not engage with Trump until officially sworn in. Meanwhile, Trump again reiterated his desire for Canada to become the "51st state" in a post on social media.
As tensions mount, both sides are bracing for further developments in this high-stakes trade conflict.
U.S. President Donald Trump labeled those targeting Tesla as "terrorists," stressing the importance of supporting the company’s innovation and role in clean energy.
U.S. President Donald Trump has expressed optimism about a potential full ceasefire in the ongoing Russia-Ukraine war, stating that peace could soon be achieved. Trump's comments add to the growing international calls for de-escalation as the conflict continues to devastate the region.
The U.S. Federal Communications Commission (FCC) has initiated an investigation into several major Chinese companies, including Huawei, ZTE, and China Telecom, to determine if they are circumventing U.S. sanctions and regulations designed to protect national security.
Wall Street’s major indexes showed slight improvement on Friday after President Donald Trump suggested flexibility on upcoming tariffs, easing market concerns ahead of potential trade measures next month.
Boeing has won a $20 billion contract to build the F-47 fighter jet for the U.S. Air Force, marking a major boost for the company amid recent challenges.
U.S. President Donald Trump labeled those targeting Tesla as "terrorists," stressing the importance of supporting the company’s innovation and role in clean energy.
U.S. President Donald Trump has expressed optimism about a potential full ceasefire in the ongoing Russia-Ukraine war, stating that peace could soon be achieved. Trump's comments add to the growing international calls for de-escalation as the conflict continues to devastate the region.
The U.S. Federal Communications Commission (FCC) has initiated an investigation into several major Chinese companies, including Huawei, ZTE, and China Telecom, to determine if they are circumventing U.S. sanctions and regulations designed to protect national security.
Wall Street’s major indexes showed slight improvement on Friday after President Donald Trump suggested flexibility on upcoming tariffs, easing market concerns ahead of potential trade measures next month.
Boeing has won a $20 billion contract to build the F-47 fighter jet for the U.S. Air Force, marking a major boost for the company amid recent challenges.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
In a groundbreaking study published in Cell on January 18, Chinese researchers have unveiled a novel cancer treatment that ingeniously disguises tumors as pig tissue, triggering the body’s immune system to mount a hyperacute rejection response against the cancer cells.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
On March 16, at around 09:45, Armenian armed forces opened fire on Azerbaijani positions located in the direction of the Digh settlement in the Goris region, using firearms, according to Azerbaijan's Ministry of Defence.
The U.S. Justice Department is working to shield President Donald Trump from civil lawsuits related to the January 6 Capitol attack, arguing he was acting within his presidential duties at the time.
Russia is set to deliver 200,000 tons of Arctic Arco oil to Syria for the first time, marking a new phase in the growing energy partnership between the two nations, according to data from LSEG. This shipment highlights Russia’s strategic support for Syria amid ongoing geopolitical tensions and energ
Germany's budget committee has approved a crucial 3 billion euro aid package for Ukraine, reinforcing the country's ongoing commitment to supporting Ukraine's defense, humanitarian needs, and infrastructure rebuilding amid the ongoing conflict with Russia.
French President Emmanuel Macron has appointed Bernard Fontana, current head of Framatome, as the new CEO of EDF. The move comes as EDF prepares for a significant expansion of nuclear energy in France, with plans to build six new reactors in the coming years.
U.S. President Donald Trump labeled those targeting Tesla as "terrorists," stressing the importance of supporting the company’s innovation and role in clean energy.
U.S. President Donald Trump labeled those targeting Tesla as "terrorists," stressing the importance of supporting the company’s innovation and role in clean energy.
U.S. President Donald Trump has expressed optimism about a potential full ceasefire in the ongoing Russia-Ukraine war, stating that peace could soon be achieved. Trump's comments add to the growing international calls for de-escalation as the conflict continues to devastate the region.
The U.S. Federal Communications Commission (FCC) has initiated an investigation into several major Chinese companies, including Huawei, ZTE, and China Telecom, to determine if they are circumventing U.S. sanctions and regulations designed to protect national security.
Wall Street’s major indexes showed slight improvement on Friday after President Donald Trump suggested flexibility on upcoming tariffs, easing market concerns ahead of potential trade measures next month.
Boeing has won a $20 billion contract to build the F-47 fighter jet for the U.S. Air Force, marking a major boost for the company amid recent challenges.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment