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

Why it matters locally: The imposition of retaliatory tariffs by Canada could affect Connecticut's export-oriented industries that trade with Canada, potentially increasing costs for businesses and consumers in the state.

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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.