On Sept. 8, roughly $30 billion in imports from the United States will face Canadian tariffs of between 15 and 50 percent. This is our response to the 50 percent U.S. tariffs now applied to approximately five percent of our exports.
Overall, I estimate Canada’s average tariff response works out to about 30 percent, on average, across affected goods. That’s roughly 60 cents of response for every dollar of U.S. tariff. While not full dollar-for-dollar retaliation, as the government frames it, it is still a large response. And it comes on top of certain retaliatory tariffs already in place from last year.
