Key facts
- Canada has removed seafood and fish products from its list of retaliatory tariffs on U.S. imports.
- The decision to exclude seafood was made based on feedback to prevent economic harm.
- Canada's retaliatory tariffs are a response to new 50% tariffs imposed by the U.S. on Canadian imports.
- The Canadian tariffs will be implemented starting September 8.
- The tariffs are intended to match U.S. duties dollar-for-dollar.
Canada has removed seafood and fish products from a list of retaliatory tariffs targeting U.S. imports, a day after announcing levies on approximately $20 billion worth of American goods. The decision, announced by Canada's Department of Finance, aims to protect against economic harm following feedback received.
These retaliatory measures are Canada's response to new 50% tariffs imposed by the U.S. on Canadian products. The Canadian government stated that the tariffs are designed to match the U.S. duties dollar-for-dollar and are focused on industries most affected by U.S. tariffs.
Initially, Canada had planned to impose a 25% tariff on a range of U.S. seafood, including various types of fresh, preserved, and frozen seafood. However, this specific category has now been excluded from the final list of measures.
The Canadian tariffs, which will apply to over 700 American products, are scheduled to take effect at 12:01 a.m. on September 8.