August 26, 2026

The Canadian federal government on Tuesday announced retaliatory tariffs on over 700 U.S. goods valued at 27.6 billion Canadian dollars (about 20 billion U.S. dollars), alongside a 7.5-billion-Canadian-dollar assistance package for domestic businesses and workers.

Canadian officials said the countermeasures match the total value of Canadian products targeted by the latest 50-percent U.S. tariffs, achieving a "dollar-for-dollar, rate for fate" response. The counter-tariffs are scheduled to take effect officially on Sept. 8.

Canadian Finance Minister Francois-Philippe Champagne said the reciprocal tariffs as well as the multi-billion-dollar support package will protect workers, farmers, families and businesses.

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