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insights
Federal government announces retaliatory tariffs and industry supports
Following the imposition of the 50% ‘section 338’ tariffs by the United States on August 22 on approximately $28 billion worth of Canadian products, the Canadian federal government has now issued a decisive response, including dollar-for-dollar and rate-for-rate retaliatory tariffs as well as a $7.5 billion support package to help businesses and workers weather the storm caused by trade disruptions.

Canada-U.S. Trade Talks Suspended: What Happened & What Comes Next
As of August 22, the US has followed through on its threat to impose new 50% tariffs on $28 billion worth of Canadian products, targeting goods such as electrical components, food, clothing, alcoholic beverages, paper, dairy products, furniture, plywood, media devices, and sports equipment, industrial machinery, amongst other products.














