By South China Morning Post | Created at 2025-03-12 16:46:30 | Updated at 2025-03-12 21:32:08
4 hours ago
Canada will impose retaliatory tariffs on US imported goods worth C$29.8 billion (US$20 billion) effective on Thursday in response to US President Donald Trump’s steel and aluminium tariffs, Canada’s Finance Minister Dominic LeBlanc said.
Trump’s increased tariffs on steel and aluminium imports took effect on Wednesday as prior exemptions, duty-free quotas and product exclusions expired, and as his campaign to reorder global trade norms in favour of the US gains momentum.
Canada is the biggest foreign supplier of steel and aluminium to the United States.
“We will not stand idly by while our iconic steel and aluminium industries are being unfairly targeted,” LeBlanc said. He said Canada would follow a dollar-for-dollar retaliation approach.
Canada’s retaliation targets steel products worth C$12.6 billion and aluminium products worth C$3 billion as well as additional imported US goods worth C$14.2 billion for a total of $29.8 billion. They will go into effect at 12.01am on Thursday.
Products affected by Canada’s counter-tariffs include computers, sports equipment and cast iron products, LeBlanc said at a news conference.
These retaliatory tariffs are on top of those on C$30 billion worth of US goods Canada initially imposed on March 4 in response to broader tariffs from Trump.
