Canada Announces Retaliatory Tariffs After U.S. Imposes New Duties

Why it matters locally: While the specific goods affected are not yet detailed, new tariffs from Canada and the U.S. could impact Wisconsin's trade relationships, particularly for industries involved in cross-border commerce.

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OTTAWA — Canada announced plans to impose retaliatory tariffs next month, hours after the United States implemented new duties on Canadian products. Prime Minister Mark Carney stated Canada will match the U.S. tariffs "dollar for dollar" starting September 8. The U.S. tariffs currently apply to $20 billion worth of Canadian goods.