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

Why it matters locally: New Mexico businesses involved in international trade, particularly those importing or exporting goods to and from Canada, could see increased costs or disruptions due to these new tariffs.

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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.