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

Why it matters locally: Maryland's key industries, including manufacturing and international trade, could face disruptions as new tariffs between the U.S. and Canada impact supply chains and the cost of goods.

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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.