US and Canada Escalade Trade War With Tariffs and Import Bans
The United States and Canada have escalated their ongoing trade conflict with new rounds of retaliatory tariffs and import bans.
KEY POINTS
- Canada enacted $20 billion in retaliatory tariffs on United States goods.
- President Trump announced bans on Canadian alcohol, motorcycles, and dairy.
- New 50 percent tariffs on Canadian cheese, furniture, and materials take effect September 15.
- Federal agencies will remove Canadian goods from a $50 billion purchasing list.
Canada imposed retaliatory tariffs on approximately $20 billion worth of United States goods on Tuesday. The measures targeted American items such as cheese, honey, and aluminum foil.
In response, President Donald Trump announced new tariffs and outright bans on various Canadian products. The White House stated the actions are a response to continued discrimination against United States commerce.
“The bans were in response to continued discrimination against the commerce of the United States regarding dairy, alcohol, and motor vehicles.”
Bans on Canadian alcohol, motorcycles, and certain dairy products will take effect on September 29. Additionally, 50 percent tariffs on cheese, steel, aluminum, and furniture will begin on September 15.
Washington also instructed federal agencies to remove Canadian goods from a $50 billion government purchasing list. A planned tariff increase on cars and metals to 50 percent remains scheduled for January 1.
United States officials stated that Canada and China were the only economies to retaliate rather than negotiate. Other nations, including Japan and the European Union, reached trade deals instead.
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