GoKawiilCanada imposes 50% retaliatory tariffs on $20B of US goods
Canada confirmed a new round of tariffs matching Washington's 50% duties, covering more than 700 American products worth roughly $20 billion, set to take effect September 8. The move follows the collapse of trade talks last week, with both governments blaming each other for last-minute demands. Ottawa specifically doubled its tariff on U.S. steel and aluminum to 50% in direct response to similar U.S. levies.
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The breakdown signals that a broader trade truce between the two neighbors is further away than markets had hoped, raising costs for manufacturers reliant on cross-border steel and aluminum supply chains. It also underscores how quickly diplomatic goodwill can evaporate once tariff negotiations touch politically sensitive industries on both sides.
- Canada's tariffs match U.S. 50% duties dollar-for-dollar on over 700 products.
- Steel and aluminum tariffs from Canada doubled to 50% in retaliation.
- Trade talks collapsed after both sides accused each other of last-minute changes.
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Published there as: “Nvidia's earnings track record, Canada retaliates, Waymo's international push and more in Morning Squawk”
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