Canada Announces Retaliatory Tariffs Exceeding $20 Billion on US Imports

Canada’s Finance Minister Dominic LeBlanc said on Wednesday (March 12).

“Today, I am announcing that the government of Canada, following a dollar-for-dollar approach, will be imposing as of 12:01 AM tomorrow, March 13, 2025, 25% reciprocal tariff and an additional $29.8 billion of imports from the United States.

This includes steel products worth $12.6 billion and aluminium products worth $3 billion, as well as additional imported US goods worth $14.2 billion for a total of $29.8 billion. The list of additional products affected by counter-teriffs includes computers, sports equipment, and cast iron products as examples.

These tariffs are in addition to Canada’s 25% counter tariffs on $30 billion of imports from the United States in response to US tariffs put in place on March 4.