Canada confirms 25% retaliatory tariffs on US imports it Trump’s imposts go into effect

Canada reciprocal tariffs statement from prime minister’s office

• Canada will impose retaliatory tariffs on U.S. imports from Tuesday if U.S. tariffs go into effect
• Canada will start with 25% tariffs on U.S. imports worth C$30 billion from Tuesday
• Should U.S. tariffs not cease, we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures.

***

Trump’s tariffs on Canada and Mexico are due at 12.01 am on Tuesday, March 4, 2025 US Eastern time.

More here:

• Forexlive Americas FX news wrap: US data sags, tariffs loom and OPEC+ pumps more

This article was written by Eamonn Sheridan at www.forexlive.com.