Canada to impose 25% tariffs on $29.8B in U.S. goods Thursday

The federal government will impose 25 per cent tariffs on U.S. goods worth $29.8 billion in retaliation for the 25 per cent tariffs on steel and aluminum the administration of U.S. President Donald Trump imposed today.

The dollar-for-dollar tariffs will take effect at 12:01 ET Thursday.

Finance Minister Dominic LeBlanc says the tariffs are in addition to 25 per cent tariffs Canada imposed on $30 billion in imports from the United States earlier this month.

LeBlanc says the new levies target $12.6 billion in steel products and $3 billion in aluminum products.