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Canada Hits Back with Tariffs | Canada News

Canada Hits Back with Tariffs | Canada News

Published 1 week, 5 days ago
Description

Canada fires back with $27.6 billion in new tariffs on U.S. goods, targeting steel, dairy, and electronics to match American trade pressure — while launching a $7.5 billion support package for Canadian businesses. Retailers back the move but warn consumers will pay the price; restaurants breathe easier since key food items are exempt, though packaging and equipment costs remain a concern. Small business groups cry foul over complex aid programs, demanding simpler fixes like tax cuts and extended fuel tax relief. As Canada stands firm in this trade showdown, businesses urge targeted, accessible support to avoid deepening economic strain.

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