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

Why it matters locally: The imposition of new tariffs between the U.S. and Canada could impact Massachusetts's key industries, particularly those involved in international trade and manufacturing, due to potential increases in costs for imported goods or reduced demand for exports 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.