The Trade war between the US and Canada comes for your charcuterie board (and much more).
Without a last minute change, Canada will implement a slew of new tariffs on U.S. imports at 12:01 a.m. eastern Tuesday morning. They include a 25% tariff on cheese, a 50% tariff on honey and a 50% tariff on aluminum foil.
The new measures are a retaliatory response to the Trump administration’s 50% tariffs in August flow of Canadian goods such as beer and dairy products, could make it more expensive for Canadians to purchase hundreds of items from the U.S. in sectors such as agriculture and manufacturing.
The tit-for-tat tariffs come after months of failed trade negotiations between the two countries. The conflict has left businesses and consumers in the dark, with some Canadian stores on fire “Made in Canada” labels on products and companies such as Japanese beer maker Sapporo which is moving some production from Canada to the US, Bloomberg reports this.
On Monday, President Donald Trump threatened to block Canadian aircraft manufacturer Bombardier from selling in the US in a Truth Social post.
In recent weeks, tensions between the US and Canada have expanded beyond trade negotiations. The Trump administration issued an executive order to rename Lake Ontario in late August More of America. Earlier this month, Canadian Prime Minister Mark Carney criticized the US for “doing memes” and “throwing shade.”
The Canadian government said its new round of tariffs, priced at 15%, 25% or 50% depending on the item, is aimed at matching the tens of billions of dollars in goods that Trump’s tariffs affected in August.
The White House has said it imposed its 50% tariffs in August in response to retaliatory tariffs Canada imposed last year on U.S. imports such as cars.
