Starting September 8, Canada will impose punitive tariffs on American goods of between 15 and 50 percent. The tariffs on goods worth around SEK 200 billion will match the US tariffs that took effect on Saturday, some as high as 50 percent.
We respond dollar for dollar, tariff for tariff, to the US punitive tariffs, says François-Philippe Champagne.
In addition, the government is announcing support equivalent to more than SEK 51 billion for Canadian companies and workers affected by US tariffs.
Steel and cosmetics
Among the new tariffs announced are an increase from 25 to 50 percent on steel and aluminum. Such high tariffs are also being imposed on clothing, furniture, cosmetics and toilet paper, according to the BBC. For seafood and certain dairy products, tariffs are being raised to 25 percent.
Canada has faced an unprecedented challenge. But Canada will rise up, says the Finance Minister.
Donald Trump made new threats in the tariff dispute with Canada on Monday, threatening additional high tariffs from the new year, including on cars. On Tuesday, he followed up with several posts on Truth Social in which he claimed that Canada has been skirting the US for decades and is "unreasonable."
He also wrote there that he is considering renaming Lake Ontario on the border with Canada to Lake America because "we don't expect to have much to do with Ontario anymore."
No calls scheduled
Negotiations between the United States and Canada stalled on Friday after the United States made what Canadian Prime Minister Mark Carney called "unacceptable" offers and, according to him, the United States "demanded too much and gave too little."
"The attitude at the negotiating table was that Canada is subordinate to the United States and that is not something we accept," he said on Monday.
According to AP, no new talks between the countries are planned.
