Canada Sets Retaliatory Tariffs on U.S. Farm Goods

Canada is escalating its trade fight with the United States, announcing retaliatory tariffs on about $19.9 billion worth of U.S. goods, including dairy products and agricultural equipment.

The tariffs range from 15 to 50 percent and target products covered by U.S. Section 338 and Section 232 tariffs. Canada says the measures will take effect September 8 and include a range of U.S. agricultural products, including dairy, steel, pulp and paper, electronics and household appliances. The United States imposed 50 percent tariffs on roughly $20 billion of Canadian goods on August 22 after trade talks broke down. President Trump has also announced plans to raise tariffs on Canadian automobiles to 50 percent beginning January 1.

The Association of Equipment Manufacturers is strongly urging U.S. and Canadian negotiators to return to the table, get the tariffs removed, and strengthen the USMCA.