Canada Matches U.S. Tariffs Dollar for Dollar, Starting 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 tariffs target U.S. steel, appliances, dairy and farm equipment and take effect September 8. President Trump imposed 50% tariffs on about $20 billion in Canadian goods after trade talks collapsed August 21. No further talks are scheduled.