Canada’s retaliatory tariffs worth $27.6 billion take effect as trade rift with U.S. deepens

By Jenni Reid
CNBC News
September 8, 2026
Category: Business & Politics
Region: Canada, United States

Canada’s retaliatory tariffs on a swathe of U.S. goods took effect on Tuesday after trade talks collapsed last month, as relations between Washington and Ottawa continue to sour. The duties range from 15% to 50% across hundreds of U.S. products worth a total $27.6 billion, including dairy, agricultural equipment, paper, household appliances and electronics. Canadian tariffs on U.S. steel, aluminum and iron products doubled to 50%, while furniture, motorbikes, clothing and some beauty products were among the goods hit with the highest rate. …U.S. President Trump on Monday called for a boycott of Canadian airplane manufacturer Bombardier, posting on Truth Social: “NO MORE SELLING BOMBARDIER IN THE UNITED STATES!” The U.S. exported $333.6 billion worth of goods to Canada, and imported $381.9 billion from its northern neighbor. …Economists say that while the impacted goods are a relatively small portion of overall trade, small- to medium-sized businesses and those in the most-impacted sectors face a severe blow.

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