Canada Announces Dollar-for-Dollar Retaliatory Tariffs on U.S. Goods, Effective September 8

Canada announced retaliatory tariffs on August 25 matching U.S. duties "dollar for dollar, rate for rate," Finance Minister François-Philippe Champagne said. The measures target U.S. steel, appliances, dairy, and agricultural equipment and take effect September 8. President Trump imposed 50% tariffs on roughly $20 billion in Canadian goods after trade talks collapsed August 21. No further talks are scheduled.