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Canada to announce retaliatory tariffs against the U.S. on Tuesday, sources tell CTV News
Key Details:
- Canada will announce retaliatory tariffs against the U.S. Tuesday: sources
- Carney says terms presented by the U.S were a ‘bad deal.’
- Trump fires back, threatens to increase auto tariffs to 50%.
- Trump and Ford get into heated exchange: ‘King of bankruptcies.’
- 50% tariffs on roughly $28B in Canadian goods are now in effect.
Canada will announce retaliatory tariffs against the U.S. Tuesday, multiple sources tell CTV News.
Prime Minister Mark Carney had previously stated dollar for dollar retaliatory measures will be in place after Labour Day but has not yet released details.
On Monday evening, the Department of Finance said four ministers including Finance Minister François-Philippe Champagne will announce the measures Tuesday morning at a local business. Among those present will be Jobs Minister Patty Hajdu.
One source tells CTV News in addition to retaliatory tariffs, the federal government will announce an expansion of Employment Insurance (EI) to help domestic workers impacted by U.S. tariffs. The source also says the premiers are also expected to be briefed on a call on the same day.
