Canada is levelling reciprocal dollar-for-dollar tariffs on U.S. steel and aluminum imports, in response to U.S. President Donald Trump’s 25 per cent tariffs on all steel and aluminum imports that came into effect today.
Archived version: https://archive.is/newest/https://www.cp24.com/news/canada/2025/03/12/canada-to-announce-298-billion-in-retaliatory-tariffs-on-us-official-tells-reuters/
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US economics is much bigger. This isn’t the way.
Aah, but you miss the subtle Canadian trick here: 1 CAD = 0.7 USD and Canada didn’t specifically said they’d match US-dollar-for-US-dollar.
Sneaky them Canadians I tellya.
There’s no problem. The tariffs on the US side are enough to destroy the US economy already. Canada is only retaliating because their people require that their government hits back.
(And they seem to be retaliating very smartly only on products that won’t hurt their competitivity.)