Canada and Europe Slap US With Tariffs of Their Own

Canada announced new 25% tariffs on about C$30 billion ($20.8 billion) of US-made items after Donald Trump followed through on his threat of levies on imports of steel and aluminum in a bid to resuscitate America’s steel industry. The retaliatory measures from Ottawa will target US steel and aluminum products as well as consumer items such as computers and sporting goods. Canada is matching the Republican president’s tariffs “dollar for dollar.” But, Canada has left Trump some room to avoid the looming damage to the US economy by delaying implementation until midnight.

In total, the Canadian retaliation will affect C$12.6 billion of steel products, C$3 billion of aluminum and C$14.2 billion on other items. The European Union also has announced retaliation against Trump’s metal tariffs, imposing its own duties on up to €26 billion ($28.3 billion) worth of American goods. America still has a friend though in Britain, which reaffirmed its commitment to US trade talks despite British exports becoming collateral damage in Trump’s now-global trade war.