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Canada to Match US Tariffs 'Dollar for Dollar, Rate for Rate,' Finance Minister Says

Canada to Match US Tariffs 'Dollar for Dollar, Rate for Rate,' Finance Minister Says

MT newswireMT newswire2026/08/25 15:40
11:40 AM EDT, 08/25/2026 (MT Newswires) -- Canada will impose counter tariffs of up to 15%, 25% or 50% on $27.6 billion of imports from the US, effective Sept. 8, in response to President Donald Trump's recent announcement of 50% tariffs on roughly $28 billion of Canadian goods, Canadian Finance Minister Francois-Philippe Champagne said Tuesday at a press conference. "Today, I'm announcing Canada will match the United States tariffs dollar for dollar, rate for rate, Champagne said.
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