Name: Canada hits U.S. with nearly $30B in counter-tariffs
Uploaded: 2025-03-13T03:34:35.879Z
Duration: 2 min 8 s
Description: Canada issued retaliatory tariffs on nearly $30 billion worth of American goods Wednesday in response to new U.S. tariffs on aluminum and steel, prompting more annexation and tariff threats from U.S. President Donald Trump.

Canada issued retaliatory tariffs on nearly $30 billion worth of American goods Wednesday in response to new U.S. tariffs on aluminum and steel, prompting more annexation and tariff threats from U.S. President Donald Trump.

Ottawa

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

Canada has announced retaliatory tariffs on nearly $30 billion worth of American goods in response to the United States' imposition of 25% tariffs on Canadian steel and aluminum. This move marks an escalation in the ongoing trade tensions between the two countries. The Canadian counter-tariffs target U.S. aluminum, steel, and a wide range of products, including computers, smartphones, tools, jewelry, and sports equipment, as a part of Canada's strategy to exert more pressure on the U.S.

Canadian officials have expressed concerns about the economic impact of these tariffs, emphasizing that it could raise prices in several industries including construction, automotive, and defense, potentially placing thousands of jobs at risk. In his dialogue with workers at a steel plant, Canada's Liberal leader Mark Carney expressed readiness to engage with U.S. President Donald Trump at a suitable time, emphasizing the importance of mutual respect and a collaborative approach to the issue. 

Ontario Premier Doug Ford stated that he believes Carney may establish a better relationship with Trump than his predecessor, Justin Trudeau, due to their shared backgrounds in financial sectors. This development signals a potential shift in the diplomatic and economic engagement between Canada and the United States.



Canada hits U.S. with nearly $30B in counter-tariffs

Frustrated and fed up, ministers retaliating again in an escalating trade war with Donald Trump. It is an existential threat to our country and we will fight for every single job. Canada launching its second round of counter tariffs just hours after Trump hit Canadian steel and aluminum with 25% levies. The excuse for those tariffs shifts every day. The only constant in this unjustified and unjustifiable trade war seems to be President Trump's talks of annexing our country through economic coercion. To fight back, Canada now exerting more pressure. 25% reciprocal tariffs on an additional $29.8 billion of imports from the United States. Those Canadian counter tariffs targeting U.S. aluminum, steel, and dozens of products like American computers, smartphones, tools, jewelry, and sports equipment. We cannot let uncertainty become the new certainty in North America. Ministers also sending a message directly to Americans urging them to push their elected officials to make Trump back down. This is going to increase the price of construction. This is going to increase the price of car. This is going to increase the price in the defense industry. It will put thousands of jobs at risk. All of this unfolding on the same day Canada's new liberal leader met with workers at a steel plant. Mark Carney preparing to become Prime Minister and take over this economic fight. I'm ready to sit down with President Trump at the appropriate time under a position where there's respect for Canadian sovereignty. And we're working for a common approach. Already, Carney sat down with Ontario's Premier and posted a video online. Doug Ford later saying he thinks Carney will have a better relationship with Trump than Justin Trudeau. I think they're going to get along very well. They both come from the same financial sectors.

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Global Tariffs