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Home›Global Markets›Trade & Tariffs›Canada’s retaliatory tariffs on U.S. steel and aluminu…

Canada’s retaliatory tariffs on U.S. steel and aluminum take effect

The duties on U.S. steel and aluminum products have doubled to 50% as the tariff dispute with the United States escalates.

Reported · Written up by our desk · Trade & Tariffs

Canada has implemented retaliatory tariffs tied to a deepening trade dispute with the United States, with the measures valued at $27.6 billion, CNBC Markets reports.

The new duties target U.S. steel and aluminum products, and the rate has been raised to 50%, according to the coverage.

CNBC World links the move to an ongoing war of words between Washington and Ottawa as both sides continue to escalate the tariff fight.

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Sources

CNBC MarketsCanada's retaliatory tariffs worth $27.6 billion take effect as trade rift with U.S. deepens
CNBC WorldCanada's retaliatory tariffs worth $27.6 billion take effect as trade rift with U.S. deepens
CNBC EconomyCanada's retaliatory tariffs worth $27.6 billion take effect as trade rift with U.S. deepens

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