Canada
August 25, 2026
Canada plans to match US tariffs, including 50% on steel
Written by Laura Miller
Canada has moved to impose new tariffs on US goods, matching tariffs the US has imposed on it.
The move follows the trade talks between the US and Canada that fell apart last week. Canada said it suspended negotiations rather than accept a bad deal. The failed talks will lead to new US tariffs of 50% on nearly CA$28 billion of Canadian goods.
As a result, the Department of Finance Canada confirmed on Tuesday “that Canada will match the new US tariffs dollar for dollar, rate for rate, with additional Canadian tariffs on U.S. goods.”
Effective Sept. 8, Canada will impose equal counter-tariffs on US products targeted by US Section 232 and Section 338 tariffs. That includes 50% tariffs on steel and aluminum.
In addition to steel, the countermeasures are meant to support the dairy, appliances, agricultural equipment, pulp and paper, and electronics industries.
Export figures
Canada is the second-top destination for US steel exports after Mexico.
Last year, the US exported 2.55 million metric tons (mt) of steel to Canada, including over 540,400 mt of hot-dipped galvanized sheet and 213,000 mt of cut-to-length plate.
Through June this year, US exports to Canada reached almost 1.23 million mt. This includes 236,330 mt of galvanized sheet, 85,200 mt of CTL plate, 85,570 mt of hot-rolled sheet, and 75,650 mt of cold-rolled sheet.
