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Canada's $155 Billion Tariff Countermeasures in Response to U.S. Trade Actions

 In a decisive move to safeguard national interests, Canada has announced a comprehensive $155 billion tariff package in retaliation to the recent U.S. tariffs on Canadian goods. This strategic response aims to protect Canadian consumers, workers, and businesses from the adverse effects of the U.S. trade measures.

Phase One: Immediate Tariffs on U.S. Imports

Effective February 4, 2025, Canada will implement 25% tariffs on $30 billion worth of U.S. imports. The targeted products include:

  • Orange juice
  • Peanut butter
  • Wine and spirits
  • Beer
  • Coffee
  • Appliances
  • Apparel and footwear
  • Motorcycles
  • Cosmetics
  • Pulp and paper products

A detailed list of these goods will be released shortly.

Phase Two: Proposed Additional Tariffs

The Canadian government plans to impose tariffs on an additional $125 billion worth of U.S. goods. This proposal will undergo a 21-day public comment period before implementation. The products under consideration include:

  • Passenger vehicles and trucks, including electric vehicles
  • Steel and aluminum products
  • Certain fruits and vegetables
  • Aerospace products
  • Beef, pork, and dairy products
  • Trucks and buses
  • Recreational vehicles and boats

Government's Stance and Future Actions

Canadian officials have emphasized that less than 1% of fentanyl and illegal crossings into the U.S. originate from Canada, challenging the justification for the U.S. tariffs. The government remains committed to defending Canadian interests and is prepared to consider additional measures, including non-tariff options, if the U.S. continues its current trade approach.

Mitigation Efforts for Canadian Stakeholders

To minimize the impact on Canadian workers and businesses, the government is establishing a remission process to consider requests for exceptional relief from the imposed tariffs. Details about this framework will be announced in the coming days.

Collaborative Advocacy

The federal government is working closely with provincial and territorial authorities, as well as business and labor leaders, to present a unified response. Efforts are underway to engage with U.S. decision-makers to advocate for the removal of the unjustified tariffs and to protect the economic interests of both nations.

For more detailed information, please refer to the official announcement by the Department of Finance Canada.

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