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

Why it matters locally: While the direct impact on Georgia's key industries is not immediately specified, these tariffs could indirectly affect the cost of Canadian goods imported into the state and the competitiveness of Georgia-produced goods exported to Canada.

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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.