Canada Announces Targeted Countermeasures and Substantive Support for Workers and Businesses in Response to U.S. Tariffs

Canada's Department of Finance has announced targeted countermeasures and substantive support for workers and businesses in response to U.S. tariffs. This includes counter-tariffs of 15%, 25%, and 50% that will take effect on 8 September 2026 on products drawn from those targeted by U.S. Section 338 and Section 232 tariffs, with the rate for each product matching the corresponding U.S. rate. These tariffs will apply to products covering CAD 27.6 billion in imports from the U.S., focusing on …