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Canada adds 50% tariffs to U.S. copper wire, wood charcoal
Fish, seafood were removed from retaliation list after consulting with the Canadian fishery industry
(Oliver Bunic/Bloomberg)
Key Takeaways:
- Canada added 50% tariffs on U.S.-made copper wire, wood charcoal and some other products after removing fish and seafood from its retaliation list.
- Prime Minister Mark Carney’s government aims to match about $20 billion in annual imports affected by President Donald Trump’s new 50% tariffs on Canadian goods.
- Canada’s countertariffs are scheduled to take effect Sept. 8 after consultations with the fishery industry prompted changes to the proposed tariff list.
Canada added 50% tariffs on U.S.-made copper wire and wood charcoal to its retaliation list as a replacement for its removal of fish and seafood products, according to the Department of Finance.
Prime Minister Mark Carney’s government is aiming to match its countertariffs with the value of annual imports, about $20 billion, impacted by President Donald Trump’s new 50% tariffs on Canadian goods. Those levies went into effect on Aug. 22, and Canada’s countertariffs are set to take effect Sept. 8.
READ MORE: U.S. looks to Canada for oil, aluminum and pickup trucks
Late Aug. 26, the Canadian government said it was removing fish and seafood products from Canada’s retaliation. Finance Minister Francois-Philippe Champagne told reporters on Aug. 27 that this was done after consulting with the Canadian fishery industry.
The addition of copper wire and charcoal to Canada’s retaliation list was confirmed by a finance department spokesperson in an email, and is now included on the department’s online list of proposed tariffs.
Other new items facing a 50% levy include certain glass containers, printed pictures and plaster tiles from the U.S.
