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

Why it matters locally: The imposition of retaliatory tariffs by Canada could affect South Carolina's key industries, particularly those involved in international trade and exports to Canada, potentially impacting economic activity and employment within the state.

---

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.