Wed Mar 12 14:18:31 UTC 2025: ## Canada Slaps US with $29.8 Billion in Retaliatory Tariffs
**OTTAWA** – Canada announced C$29.8 billion (US$22.2 billion) in retaliatory tariffs against the United States on Wednesday, in response to President Trump’s renewed steel and aluminum tariffs. The move marks a significant escalation in the long-running trade dispute between the two North American neighbours.
The tariffs, the details of which were not immediately released, come as US tariffs on Canadian steel and aluminum imports, previously subject to exemptions and quotas, went fully into effect. This action follows President Trump’s ongoing push to reshape global trade in favour of the US. Canada, the largest foreign supplier of steel and aluminum to the US, is feeling the brunt of these protectionist measures.
The announcement coincides with a transition of power in Canada. Prime Minister Justin Trudeau is set to hand over the reins to newly elected Liberal leader Mark Carney this week. Mr. Carney, in a statement on Monday, indicated he would not engage in talks with President Trump until after his official swearing-in. President Trump, meanwhile, reiterated his controversial suggestion on social media that Canada should become the “cherished Fifty-First State.” The escalating trade war casts a shadow over the upcoming leadership change and the already strained relationship between the two countries.
First Piper 