More Expensive Furniture and Cosmetics: Canada Implements Tariffs on U.S. Products
· Telemundo McAllen (KTLM)
Canada implemented retaliatory tariffs on Tuesday on U.S. imports valued at CAD 27.6 billion (about USD 20 billion), marking a new escalation in the trade war with the United States, with no signs that Ottawa and Washington will resume negotiations. The tariffs, which took effect at 12:01 a.m., range from 15% to 50% and affect hundreds of products, including steel, aluminum, appliances, furniture, dairy products, tools, cosmetics, and electronics. These measures are the 'dollar-for-dollar' response from Canadian Prime Minister Mark Carney's government to the 50% tariffs imposed by U.S. President Donald Trump on August 22 on similar Canadian products, following the breakdown of trade negotiations between the two countries. Affected U.S. products include milk and cream, which face a 50% tariff; fresh cheeses at 25%; softwood lumber at 25%; and numerous steel and aluminum products now subject to 50% tariffs. Perfumes, sunscreens, makeup, and other beauty products also face tariffs of up to 50%.
AI summary · Source: Telemundo McAllen (KTLM) →
