Canada to Implement Retaliatory Tariffs Against U.S.

Why it matters locally: While specific details of the affected products are not yet available, these tariffs could impact Utah's trade with Canada, potentially affecting industries involved in imports or exports to and from the U.S.'s northern neighbor.

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Canada will implement retaliatory tariffs on $20 billion worth of products originating from the United States. Prime Minister Mark Carney confirmed that Canada plans to match the tariffs recently imposed by the U.S. on Canadian goods. Mr. Carney stated, "Canada will match those tariffs dollar for dollar." The new Canadian tariffs will take effect starting September 8. The United States previously enacted 50% tariffs on $20 billion worth of Canadian products.