Canada has imposed retaliatory tariffs on almost $30 billion of US imports since President Donald Trump’s across-the-board 25% tariff on steel and aluminum took effect. The retaliatory measures, which started on Thursday, were outlined by Canadian Finance Minister Dominic LeBlanc.
Canada will impose 25% reciprocal tariffs on $29.8 billion of US imports at 12:01 a.m. on March 13, 2025,” LeBlanc said. The tariffs will include $12.6 billion of steel products, $3 billion of aluminum, and $14.2 billion of other items, such as computers, sports equipment, and cast iron goods.
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Trump’s tariffs policy seeks to strengthen domestic production in the US but has instilled fears of increasing costs for consumer and industrial products. Trump’s action initiated swift worldwide reactions, with the European Commission threatening to place $28 billion in US products under tariffs next month.
EU Commission President Ursula von der Leyen underlined the call for talks to be opened up again, instructing Trade Commissioner Maros Sefcovic to restart negotiations with Washington. “With increasing geopolitical and economic uncertainties, loading our economies with tariffs is not in our common interest,” she declared.
The new trade war comes after Trump imposed recent tariff increases on Canada, Mexico, and China, although some were postponed until April 2. He has also indicated future tariffs on the European Union, Brazil, and South Korea.
Markets remain unsettled amid uncertainty over Trump’s “America First” trade policies, with analysts unsure whether these tariffs are long-term measures or bargaining tactics. Meanwhile, Canada’s swift response signals its intent to push back against US trade restrictions.
