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

Why it matters locally: Michigan's strong cross-border trade with Canada, particularly in the automotive and manufacturing sectors, could see increased costs and disrupted supply chains 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.