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US Raises Tariffs On Canadian Goods, Targets More Products
(MENAFN) A new round of US tariffs on Canadian imports came into effect early Tuesday, placing 50% duties on 110 products as trade tensions between Washington and Ottawa continue to intensify.
The latest measures, which took effect shortly after midnight, apply to a wide selection of Canadian goods entering the US market. The affected products include certain types of cheese, motorboats, all-terrain vehicles (ATVs) and furniture, expanding the range of Canadian exports subject to significantly higher import costs.
The new duties represent another step in the ongoing trade dispute between the two neighboring countries, with the latest action increasing pressure on Canadian producers and businesses that depend on access to the US market.
The tariffs add to a broader series of trade measures already introduced or threatened by both governments. Washington and Ottawa have imposed or considered additional duties affecting billions of dollars in two-way trade, raising uncertainty for companies operating across the closely integrated North American economies.
The expansion of the tariff measures underscores the growing strain in US-Canada trade relations, as both sides continue to use import duties as part of their economic and trade policies.
The latest measures, which took effect shortly after midnight, apply to a wide selection of Canadian goods entering the US market. The affected products include certain types of cheese, motorboats, all-terrain vehicles (ATVs) and furniture, expanding the range of Canadian exports subject to significantly higher import costs.
The new duties represent another step in the ongoing trade dispute between the two neighboring countries, with the latest action increasing pressure on Canadian producers and businesses that depend on access to the US market.
The tariffs add to a broader series of trade measures already introduced or threatened by both governments. Washington and Ottawa have imposed or considered additional duties affecting billions of dollars in two-way trade, raising uncertainty for companies operating across the closely integrated North American economies.
The expansion of the tariff measures underscores the growing strain in US-Canada trade relations, as both sides continue to use import duties as part of their economic and trade policies.
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