The China Mail - Canada's counter-tariffs take effect on various US goods

USD -
AED 3.672997
AFN 64.000164
ALL 81.403383
AMD 360.301714
ANG 1.789785
AOA 916.999952
ARS 1539.589701
AUD 1.421838
AWG 1.8025
AZN 1.703834
BAM 1.755348
BBD 2.014118
BDT 124.150744
BGN 1.747831
BHD 0.37735
BIF 3000
BMD 1
BND 1.281553
BOB 11.995315
BRL 5.417004
BSD 1.000013
BTN 95.207367
BWP 13.822349
BYN 2.947868
BYR 19600
BZD 2.01121
CAD 1.397803
CDF 2315.000008
CHF 0.82609
CLF 0.025058
CLP 989.409745
CNY 6.6611
CNH 6.656465
COP 3177.45
CRC 454.76167
CUC 1
CUP 24.000287
CVE 99.195576
CZK 21.806196
DJF 177.720164
DKK 6.693635
DOP 60.650084
DZD 135.330075
EGP 56.024304
ERN 15
ETB 161.250258
EUR 0.89554
FJD 2.243198
FKP 0.751792
GBP 0.74805
GEL 2.595036
GGP 0.751792
GHS 11.650329
GIP 0.751792
GMD 74.000007
GNF 8799.999856
GTQ 7.645879
GYD 209.614159
HKD 7.84615
HNL 27.000355
HRK 6.76901
HTG 131.054259
HUF 327.282498
IDR 18158
ILS 3.109045
IMP 0.751792
INR 95.152601
IQD 1515
IRR 1868415.000516
ISK 121.719613
JEP 0.751792
JMD 158.760361
JOD 0.709007
JPY 157.875031
KES 129.949529
KGS 87.447976
KHR 4075.505048
KMF 442.00014
KPW 899.999961
KRW 1339.225041
KWD 0.31094
KYD 0.833326
KZT 453.3167
LAK 22524.999961
LBP 89550.000213
LKR 332.450795
LRD 170.239896
LSL 16.67011
LTL 2.95274
LVL 0.60489
LYD 6.429733
MAD 9.853019
MDL 18.045072
MGA 4589.999848
MKD 55.267858
MMK 2099.638249
MNT 3597.631144
MOP 8.082337
MRU 40.205896
MUR 47.480053
MVR 15.46008
MWK 1736.999688
MXN 18.84011
MYR 4.059703
MZN 63.898681
NAD 16.669951
NGN 1345.804821
NIO 36.798275
NOK 9.26212
NPR 152.332146
NZD 1.77622
OMR 0.384504
PAB 1.000013
PEN 3.452006
PGK 4.489903
PHP 63.737009
PKR 276.6498
PLN 3.93055
PYG 5858.938516
QAR 3.64525
RON 4.782897
RSD 105.236998
RUB 81.251808
RWF 1477.5
SAR 3.7541
SBD 8.064705
SCR 13.826939
SDG 601.508796
SEK 9.85623
SGD 1.280325
SHP 0.750582
SLE 22.950016
SLL 20969.504398
SOS 571.50203
SRD 37.644503
STD 20697.981008
STN 22.35
SVC 8.749697
SYP 13001.999685
SZL 16.620279
THB 33.721987
TJS 9.190174
TMT 3.51
TND 3.00825
TOP 2.40776
TRY 49.837005
TTD 6.779691
TWD 32.559103
TZS 2643.77306
UAH 45.55389
UGX 4360.137679
UYU 40.22581
UZS 11990.000202
VES 887.00815
VND 25814
VUV 119.133003
WST 2.76699
XAF 587.435889
XAG 0.019185
XAU 0.000249381223
XCD 2.70255
XCG 1.802288
XDR 0.707052
XOF 587.435889
XPF 107.374973
YER 236.174996
ZAR 16.625009
ZMK 9001.201938
ZMW 20.200416
ZWL 321.999592
SSP 5745.303054
MXV 2.123926
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Canada's counter-tariffs take effect on various US goods
Canada's counter-tariffs take effect on various US goods / Photo: © AFP/File

Canada's counter-tariffs take effect on various US goods

Canada's retaliatory tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the North American neighbors heats up.

Text size:

The announced duties of 15 percent, 25 percent and 50 percent apply to $27.6 billion (US$20 billion) in imports from the United States, covering steel and aluminum products as well as dairy goods like cheese. But Canada removed some seafood products from the initial list.

Ottawa's pushback comes weeks after US President Donald Trump imposed 50-percent tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US alcohol, automobile and dairy industries.

The US tariffs hit items like hockey sticks and cement, impacting about 5.5 percent of Canadian exports to the United States.

On Monday, Trump threatened to block sales of Canada's Bombardier Aviation in the United States, unless the Quebec-based plane maker moves manufacturing to the US.

"No more selling Bombardier in the United States!" Trump posted in all caps on his Truth Social platform, though he did not specify how he would achieve a sales halt.

Thousands of Bombardier aircraft currently operate in US airlines' domestic fleets.

In a statement Monday, the aerospace company touted its creation of "tens of thousands of jobs across the United States," with "direct employment" in more than 20 states, including Kansas, Texas, Arizona and California.

The company also noted that it spends over $2.5 billion annually with suppliers, and said its supply chain is "made up of approximately 2,800 American companies across 47 states."

"Bombardier values its great partnership with American companies and its US employees," the company's statement said.

US tariffs pose a modestly negative risk to Canada's overall economy, but analysts note that they have a sharper impact on Central Canada's manufacturing sector.

Negotiations between both sides broke down August 21 after days of meetings in Washington, with Canadian Prime Minister Mark Carney saying he decided to suspend the trade talks.

At the time, Carney said the Trump administration's terms were ultimately unacceptable, adding that US negotiators had introduced restrictions on Canadian trade deals with other countries at the eleventh hour.

US officials also made unacceptable "threats" to the French language and "Quebec culture," he added, referencing the French-speaking province in eastern Canada.

But Trump's top trade official Jamieson Greer later noted that the US government is aware that French language protections are sensitive and important.

"This is not something where we push hard, or condition, or red-line," he told Canadian public broadcaster CBC last month.

- War of words -

Ottawa and Washington have not resumed negotiations since, and have continued trading barbs.

Asked if both sides were in a trade war, US Treasury Secretary Scott Bessent told CNBC last week (Aug 31) that he did not think one could be in a tit-for-tat fight with a country that is 13 times larger.

"We're not at war with Canada," Bessent said on the sidelines of a G20 finance leaders' meeting. "How are we going to be at war with Canada? They're going to take their two set submarines from the Edmonton Mall and sic them on us?"

He was referring to a former attraction at a shopping center in the Alberta province.

Pentagon chief Pete Hegseth separately appeared to mock the physical appearance of a Canadian soldier on social media.

Carney said a day later that the remarks were "beneath their office," adding that this was "not constructive."

He said both sides can have discussions "when the Americans stop doing memes" and start being serious.

Trump also signed an order in August to rename Lake Ontario, on the border with Canada, as "Lake America."

This has sparked anger in Canada, amid a broader wave of patriotism triggered by Trump's hostility.

At the start of his second presidency, Trump also ordered the Gulf of Mexico be renamed the Gulf of America. He has made claims that Canada should become the 51st US state as well.

Although Carney is backed by Canadian public opinion, his country remains reliant on its neighbor. Nearly 60 percent of Canada's imports come from the United States and about 70 percent of its exports go to the US market.

To help businesses and workers, Canada's government has unveiled an aid package of $7.5 billion (US$5.4 billion).

N.Lo--ThChM