Canada Imposes Retaliatory Tariffs on $30 Billion Worth of U.S. Goods Including Steel and Aluminum

# Canada Imposes Retaliatory Tariffs on U.S. Goods in Response to Trump Administration’s Steel and Aluminum Tariffs New York - The Canadian government announced on the 12th (local time) that it would impose retaliatory tariffs on U.S. goods valued at CAD 29.8 billion (approximately KRW 30 trillion) in response to the Trump administration's enactment of 25% tariffs on steel and aluminum products. Dominic LeBlanc, Canada’s Minister of Finance, stated in a press conference that the retaliatory measures will be implemented starting on the 13th. The retaliatory tariffs will target U.S. steel products valued at CAD 12.6 billion, aluminum products worth CAD 3 billion, and an additional CAD 14.2 billion worth of other U.S. goods including computers, sports equipment, and steel casting products. The U.S. government began implementing a 25% tariff on all imported steel and aluminum products, along with their derivatives, from 12:01 AM Eastern Time (1:01 PM KST) on the 12th, as per a proclamation signed by President Trump on the 10th of last month. Canada's latest announcement of retaliatory tariffs is a direct response to the implementation of U.S. tariffs and is separate from the previously enforced 25% tariffs. Earlier, the Trump administration had imposed a 25% tariff on imports from Canada on the 4th, but temporarily delayed the application of these tariffs on certain items, including automobiles under the United States-Mexico-Canada Agreement (USMCA), until the 2nd of next month. The Canadian government, as part of its first phase of response measures, had already imposed retaliatory tariffs on U.S. imports worth CAD 30 billion (approximately KRW 30 trillion), and these measures remain in place. However, the implementation of the additional retaliatory tariffs on U.S. goods valued at CAD 125 billion (approximately KRW 125 trillion), initially expected, has been postponed to April 2nd. Mark Carney, the leader of the Liberal Party and the next Prime Minister of Canada, suggested retaliation against the U.S. after President Trump hinted at additional tariffs in response to premium electricity rates in Ontario, describing it as "an attack on Canadian workers, households, and businesses." The additional tariffs were subsequently withdrawn after Ontario suspended the premium electricity rates sent to the U.S. pan@yna.co.kr