Days after the collapse of trade talks with the Trump administration, the Liberal government is rolling out $7.5 billion to help workers and businesses weather the new 50 per cent tariffs being imposed on $27.6 billion of Canadian goods by the U.S. president.
The retaliatory tariffs will target the same goods the Trump administration singled out when it hit Canada with Section 338 and 232 tariffs. Officials speaking on background said the list of the more than 700 products being hit has now been posted online.
Officials explained that Canada’s tariff regime is being designed to protect industries in Canada rather than raise revenues. To do that, Canada’s tariff rate on a given product will match the U.S. tariff rate on that same product.
To view the complete list of U.S. products subject to counter tariffs, click here.
Source: CBC News
