The United States on Tuesday raised tariffs on a range of Canadian products, with certain types of cheese, animal furs, motorboats, and paper and steel products now subject to additional tariffs of 50% upon entering the U.S. market, in the latest trade escalation between the two countries.
Products exempted from additional tariffs
By contrast, goods that had previously been subject to additional tariffs at the same rate were exempted, including toilet paper, cement and whiskey packaged in containers with a capacity of more than 4 litres.
The changes were announced last week after Ottawa imposed tariffs on U.S. products in response to additional tariffs imposed earlier by Washington.
Ban on Canadian imports set to take effect
The U.S. government plans to ban imports of certain Canadian products starting September 29, including alcoholic beverages and dairy products such as whey, as well as motorcycles with engine capacities exceeding 800 cubic centimetres.
Canada’s economy relies heavily on the U.S. market, which receives around three-quarters of the country’s exports, given the shared border with the world’s largest economy.
