Prime Minister Mark Carney matched the new tariffs imposed by President Donald Trump and announced new support programs for Canadian businesses hurt by the escalating trade war with the country’s largest trading partner.
Canada will double its existing counter-tariffs on US steel and aluminum products to 50%. American-made milk, furniture, clothing and apparel will also have new 50% duties applied, as will video-game consoles, smartphones and other electronics.
Overall, the retaliatory levies will affect $20 billion worth of annual US exports to Canada, roughly matching the dollar-value impact of the tariffs the White House put on Canadian products on Saturday. It’s equal to about 6% of US exports to Canada last year.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Kailey speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Democratic Congressman Gabe Amo of Rhode Island.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
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