The Fort Worth Press - Canada to unveil response to Trump's steep tariffs

USD -
AED 3.6725
AFN 65.500215
ALL 79.122067
AMD 363.832853
ANG 1.789783
AOA 917.999696
ARS 1509.584107
AUD 1.397819
AWG 1.795
AZN 1.702342
BAM 1.677495
BBD 2.014693
BDT 123.090515
BGN 1.696366
BHD 0.37714
BIF 2986.400889
BMD 1
BND 1.270966
BOB 11.517992
BRL 5.157006
BSD 1.000274
BTN 95.393377
BWP 13.392857
BYN 3.017793
BYR 19600
BZD 2.01181
CAD 1.3858
CDF 2277.514547
CHF 0.802555
CLF 0.023177
CLP 912.159752
CNY 6.72215
CNH 6.719919
COP 3061.43
CRC 453.82029
CUC 1
CUP 26.5
CVE 94.574601
CZK 20.66165
DJF 178.123901
DKK 6.409525
DOP 58.5806
DZD 133.054985
EGP 50.430597
ERN 15
ETB 161.449677
EUR 0.85742
FJD 2.216402
FKP 0.733696
GBP 0.733505
GEL 2.604983
GGP 0.733696
GHS 11.153711
GIP 0.733696
GMD 73.999478
GNF 8788.880741
GTQ 7.631774
GYD 209.274999
HKD 7.83817
HNL 26.829572
HRK 6.461302
HTG 130.858596
HUF 310.557974
IDR 17685.35
ILS 2.982715
IMP 0.733696
INR 95.401597
IQD 1310.387121
IRR 1374575.000442
ISK 121.060237
JEP 0.733696
JMD 158.760791
JOD 0.709007
JPY 159.234976
KES 129.450191
KGS 87.449789
KHR 4048.270479
KMF 422.999987
KPW 900.000294
KRW 1383.120154
KWD 0.30867
KYD 0.833591
KZT 458.031701
LAK 22451.036311
LBP 89575.740942
LKR 328.555867
LRD 181.547619
LSL 15.999966
LTL 2.95274
LVL 0.60489
LYD 6.333278
MAD 9.243239
MDL 17.285062
MGA 4280.758031
MKD 52.766556
MMK 2099.770766
MNT 3596.537388
MOP 8.075854
MRU 40.109273
MUR 46.770209
MVR 15.460299
MWK 1734.49521
MXN 16.94548
MYR 4.042006
MZN 63.905011
NAD 15.999966
NGN 1348.019914
NIO 36.813236
NOK 9.338275
NPR 152.635123
NZD 1.67612
OMR 0.384494
PAB 1.00033
PEN 3.357178
PGK 4.435181
PHP 61.714004
PKR 277.510657
PLN 3.691698
PYG 5996.200377
QAR 3.646438
RON 4.504896
RSD 100.620208
RUB 84.497113
RWF 1474.457939
SAR 3.758291
SBD 8.019375
SCR 13.697127
SDG 601.496986
SEK 9.488605
SGD 1.270235
SHP 0.740866
SLE 24.649874
SLL 20969.499227
SOS 571.671184
SRD 37.7715
STD 20697.981008
STN 21.01417
SVC 8.752857
SYP 13001.999906
SZL 15.998593
THB 32.7385
TJS 9.222509
TMT 3.51
TND 2.914731
TOP 2.40776
TRY 48.099598
TTD 6.795725
TWD 31.8785
TZS 2649.997979
UAH 44.691549
UGX 3731.055245
UYU 40.209625
UZS 11780.699723
VES 783.68245
VND 26112
VUV 118.301391
WST 2.715944
XAF 562.604101
XAG 0.014708
XAU 0.000216
XCD 2.70255
XCG 1.802836
XDR 0.707052
XOF 562.616165
XPF 102.290954
YER 237.100416
ZAR 15.98464
ZMK 9001.203276
ZMW 19.050274
ZWL 321.999592
  • BCC

    -0.2300

    82.01

    -0.28%

  • BCE

    -0.2200

    23.63

    -0.93%

  • RIO

    0.5900

    105.39

    +0.56%

  • JRI

    0.0080

    12.378

    +0.06%

  • NGG

    0.2800

    80.7

    +0.35%

  • CMSD

    -0.0450

    21.015

    -0.21%

  • RYCEF

    0.3600

    20.8

    +1.73%

  • BTI

    -0.5700

    56.14

    -1.02%

  • VOD

    -0.0150

    15.965

    -0.09%

  • GSK

    0.0650

    51.845

    +0.13%

  • BP

    -0.3650

    43.375

    -0.84%

  • RELX

    -0.5400

    35.85

    -1.51%

  • AZN

    2.0350

    168.745

    +1.21%

  • CMSC

    -0.1020

    21.126

    -0.48%

  • RBGPF

    2.5700

    71.13

    +3.61%

Canada to unveil response to Trump's steep tariffs
Canada to unveil response to Trump's steep tariffs / Photo: © AFP/File

Canada to unveil response to Trump's steep tariffs

Canada is due to announce its answer to US President Donald Trump's latest wave of tariffs Tuesday, as a trade war intensifies between the historically close allies.

Text size:

The new measures aim to support workers and businesses during "challenging times," Canada's government said late Monday, with officials to hold a press briefing to detail Ottawa's response Tuesday morning.

Fresh 50-percent US tariffs took effect on a range of Canadian goods Saturday, after trade negotiations collapsed the prior day at the eleventh hour.

The duties impact some $20 billion in goods, or about 5.5 percent of Canadian exports to the United States, economists estimate.

Canadian Prime Minister Mark Carney said retaliatory tariffs would be effective September 8, as analysts warn of tit-for-tat escalation.

On Monday, Trump additionally pledged to double tariffs on Canadian autos starting next year, up to 50 percent from the current 25 percent for non-US content.

Ontario Premier Doug Ford criticized Trump's tariff threat on autos, saying he could "kiss my ass" and threatening an electricity export surcharge.

In an earlier phase of the dispute, Ontario imposed a temporary 25-percent surcharge on electricity exports to three US states.

Trump has since lashed out at Ford online, warning of "far worse" consequences.

He also referred to the Canadian prime minister as a "governor," re-upping his inflammatory push for Canada to become the 51st US state.

Highlighting the animosity, Trump on Tuesday said he was considering renaming Lake Ontario as "Lake America," as he did last year with the Gulf of Mexico.

The latest tariffs Trump imposed will raise the US effective tariff rate on Canadian exports to 6.9 percent from 5.1 percent, Oxford Economics estimates.

Tariffs on plastics, electrical machinery, and wood and paper products contribute the most to the increase.

"Manufacturers in Quebec, New Brunswick, and Ontario will be affected the most," Oxford Economics said.

- Threats to culture -

Over the weekend, Carney said US negotiators had sought restrictions on Canadian trade deals with other countries at the last minute.

US officials made unacceptable "threats" to the French language and "Quebec culture" too, he added, referring to eastern Canada's French-speaking province.

But Trump pushed back early Tuesday, saying on his Truth Social platform that he would "never interfere with Canadians speaking French!"

"This lie was made up by a weak and ineffective Prime Minister in an attempt to gain political support," Trump charged.

The United States is by far Canada's biggest trading partner, with Canadian exports to its neighbor representing 70 percent of its overall total.

Canada is the United States' second biggest trading partner in goods this year, behind Mexico, government data showed.

Polling released Sunday by the Angus Reid Institute showed Canadian broadly support Carney's move to walk away from talks, but some have fear of economic repercussions.

The White House had alleged "discriminatory treatment" by Canada against US alcohol, automobile and dairy products in rolling out the 50-percent tariffs.

Trump had delayed their implementation, but both sides failed to reach an agreement after talks went down to the wire.

Besides the tariffs fight, Washington and Ottawa have to agree on revisions to the US-Mexico-Canada free trade agreement (USMCA) which Trump has declined to renew in its current form.

S.Jones--TFWP