Canada unveils retaliatory tariffs on US - Breaking The News
Download our appPlay StoreApp Store

Canada unveils retaliatory tariffs on US

EPA-EFE/TOMS KALNINS

The Canadian government announced on Wednesday that it is imposing tariffs on goods from the United States in retaliation to the measures taken by the Trump administration. The 25% tariff will come into force on March 13 and will include $20.7 billion worth of US goods, including steel and aluminum.

Canadian Foreign Minister Melanie Joly (pictured) said Canada is the US' "best friend, best neighbour and best ally" that has "done nothing to justify Trump’s attacks on our country." She vowed that Canada "will not back down, and we will not give in to this coercion," adding that her government will coordinate its response to tariffs with European countries.

Related News
CEO: Ferrari 'ready' for US auto tariffs
Ferrari NV Chief Executive Officer (CEO) Benedetto Vigna said on Thursday that the carmaker is prepared for potential tariffs on the European auto industry announced by United States President Donald Trump."We are ready with some countermeasures," Vigna told CNBC. "We are watching what's going to happen in the next month, next weeks ... we are on the same boat in terms of tariffs," he stated after analysts suggested that Ferrari could be exempted...
Carney to be sworn in as Canada's new PM on Friday
Incoming Canadian Prime Minister Mark Carney will be sworn in on Friday after Justin Trudeau officially resigns, CBC reported. Carney was elected as leader of Canada's Liberal Party on Sunday and said in his victory speech that his government would keep retaliatory tariffs on American goods in effect "until the Americans show us respect." Trudeau's successor then said on Wednesday that he is ready to "sit down" with United States President Donald Trump and...
BMW said to 'absorb' tariffs on Mexico-built models
Bayerische Motoren Werke AG (BMW) told dealerships on Wednesday, in a message retrieved by The Wall Street Journal, that it would absorb tariff costs on some models built in Mexico.According to the message, the carmaker will "price protect" the Mexico-made 3 Series sedan and 2 Series coupe, including its M2 performance version, until May 1. "However, if the tariff situation remains as it currently is, we may need to reassess after that time," a spokesperson...
Dimon: There's some weakening of consumer sentiment
JPMorgan Chase & Co. CEO Jamie Dimon commented on Wednesday that he sees some "weakening" in the United States consumer sentiment.During an event organized by Semafor and BlackRock, Dimon stated, however, that he is unsure about the exact impact of US President Donald Trump's tariffs on the sentiment, as he doesn't believe an average US consumer "changes what they're going to do" because of duties.Meanwhile, talking about US-China...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.