The federal government will impose 25 per cent tariffs on U.S. goods worth $29.8 billion in retaliation for the 25 per cent tariffs on steel and aluminum the administration of U.S. President Donald Trump imposed today.
The dollar-for-dollar tariffs will take effect at 12:01 ET Thursday.
Finance Minister Dominic LeBlanc says the tariffs are in addition to 25 per cent tariffs Canada imposed on $30 billion in imports from the United States earlier this month.
LeBlanc says the new levies target $12.6 billion in steel products and $3 billion in aluminum products.
The counter-tariffs will also apply to other products, including computers, sports equipment and cast iron goods.
LeBlanc says the U.S. is “inserting disruption and disorder” into a successful trading partnership and is increasing the cost of everyday goods for both Canadians and Americans.
