Canada introduced several new tariffs on US imports at 12:01 p.m. Eastern on Tuesday.
These include a 25% tax on cheese, a 50% tariff on honey, and a 50% fee on aluminum foil.
The new measures, a retaliatory move against the Trump Administration’s 50% tariffs imposed in August on various Canadian goods such as beer and milk products, could raise prices for Canadians on hundreds of US-origin items across sectors like agriculture and manufacturing.
The tariffs follow months of failed trade talks, leaving businesses and shoppers in limbo. Some Canadian stores display “Made in Canada” labels, while companies like Sapporo move production from Canada to the US.
President Donald Trump threatened to block the Canadian aircraft manufacturer Bombardier from selling in the US in a Truth Social post. “NO MORE SELLING BOMBARDIER IN THE UNITED STATES! Their products aren’t good enough!” Trump said.
The Canadian government said its latest tariffs, ranging from 15% to 50% by item, are meant to offset the tens of billions of dollars in goods affected by Trump’s tariffs in August.
The White House stated that it enforced its 50% tariffs in August as a response to retaliatory tariffs that Canada imposed last year on US imports, including automobiles.
By CEO NA Editorial Staff
