Workers remove a coil from the production line for quality-control testing during steel production at the NLMK Indiana steel mill on March 15, 2018 in Portage, Indiana.
Scott Olson | Getty Images
Canada said Wednesday it will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration’s steel and aluminum duties that took effect overnight.
The new tariffs cover steel and aluminum, as well as other U.S. goods including computers, sports equipment and cast iron products, Canadian Finance Minister Dominic LeBlanc said at a press conference.
They will take effect Thursday, LeBlanc said.
The new Canadian duties are on top of the 25% counter-tariffs that Ottawa slapped on $30 billion worth of U.S. goods on March 4, in response to President Donald Trump‘s imposition of broad-based tariffs on Canadian imports.
Those tariffs remain in place, despite Trump issuing partial tariffs exemptions on March 6 following a severe stock market sell off.
Trump’s 25% tariffs on steel and aluminum applied to all imports of the metals, not just those from Canada. After they were enacted early Wednesday morning, the European Union swiftly announced it would slap its own tariffs on more than $28 billion worth of U.S. goods starting in April.
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