Uploaded August 2026 | Updated September 2026, 3 weeks ago
Canada has announced retaliatory tariffs on $20 billion worth of US goods, as the trade war between the neighbouring countries heats up.
Simon Marks (00:00) reacts to Donald Trump’s unusual measure to rename one of North America’s lakes in retaliation.
Carla Sands (02:39), one of President Trump’s former ambassadors, makes the case for the United States.
The counter-tariffs are set to take effect on US goods from September 8 and will impose duties of 15%, 25% and 50% across 700 products imported from south of the border, a government statement said.
From Saturday, President Donald Trump's new 50% tariffs across $20 billion of Canadian imports took effect after talks between the two countries to avert the tariffs collapsed.
The new tit-for-tat tariffs mark a new low in the Canada-US relationship.
"Our dollar-for-dollar, rate for rate counter-tariffs as well as a multi-billion dollar support package will protect workers, farmers, families, and businesses," Canada's Finance Minister François-Philippe Champagne said.
The new tariffs are designed so that the impact on Canadian consumers and businesses is minimal and could still hit the US, a government official said.
The 50% tariffs are on some important sectors such as steel, aluminium, furniture and clothing, 25% tariffs are on cheese, appliances and some seafood, while the 15% tariff will be on electronics and tools, the official said.
The new tariffs are likely to be costly for businesses and consumers in both countries, sparking inflation.
Listen to the full show on the all-new LBC App: app.af.lbc.co.uk/btnc/thenewlbcapp
#simonmarks #politics #canada #LBC
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Canada has announced retaliatory tariffs on $20 billion worth of US goods, as the trade war between the neighbouring countries heats up.
Simon Marks (00:00) reacts to Donald Trump’s unusual measure to rename one of North America’s lakes in retaliation.
Carla Sands (02:39), one of President Trump’s former ambassadors, makes the case for the United States.
The counter-tariffs are set to take effect on US goods from September 8 and will impose duties of 15%, 25% and 50% across 700 products imported from south of the border, a government statement said.
From Saturday, President Donald Trump's new 50% tariffs across $20 billion of Canadian imports took effect after talks between the two countries to avert the tariffs collapsed.
The new tit-for-tat tariffs mark a new low in the Canada-US relationship.
"Our dollar-for-dollar, rate for rate counter-tariffs as well as a multi-billion dollar support package will protect workers, farmers, families, and businesses," Canada's Finance Minister François-Philippe Champagne said.
The new tariffs are designed so that the impact on Canadian consumers and businesses is minimal and could still hit the US, a government official said.
The 50% tariffs are on some important sectors such as steel, aluminium, furniture and clothing, 25% tariffs are on cheese, appliances and some seafood, while the 15% tariff will be on electronics and tools, the official said.
The new tariffs are likely to be costly for businesses and consumers in both countries, sparking inflation.
Listen to the full show on the all-new LBC App: app.af.lbc.co.uk/btnc/thenewlbcapp
#simonmarks #politics #canada #LBC
LBC is the home of live debate around news and current affairs in the UK.
Join in the conversation and listen at lbc.co.uk
Sign up to LBC’s weekly newsletter here: l-bc.co/signup
