Canada Imposes 25% Retaliatory Tariffs on C$29.8 Billion of U.S. Goods

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Updated Mar 12, 2025, 02:48 PM

Canada announced on Wednesday that it will impose 25% retaliatory tariffs on C$29.8 billion (approximately US$21 billion) worth of U.S. goods in response to President Donald Trump's tariffs on steel and aluminum imports. According to Canadian Finance Minister Dominic LeBlanc, the tariffs will take effect from March 13 and will apply to U.S. steel products worth C$12.6 billion, aluminum products worth C$3 billion, and additional U.S. goods worth C$14.2 billion. The list of affected items includes computers, sports equipment, cast iron products, and other goods. The move comes after the United States implemented 25% tariffs on Canadian steel and aluminum, escalating trade tensions between the two countries. Canada aims to match the U.S. tariffs dollar for dollar, signaling a firm stance against the trade measures imposed by the Trump administration.

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