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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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.