Canada announced that it will impose additional tariffs on U.S. products worth CAD 2.98 billion (about 30 trillion won) in response to U.S. President Donald Trump's tariffs on steel and aluminum.
On the 12th (local time), Minister Dominique LeBlanc announced the additional tariffs, explaining that tariffs would apply to various products, including computers and sporting goods. This measure will take effect on the 13th of this month.
Minister LeBlanc criticized President Trump's imposition of a 25% tariff on Canadian steel and aluminum as "unjust and unreasonable." He noted that the additional tariffs are a response to this action.
The U.S. government began imposing a 25% tariff on all imported steel and aluminum products effective at 12:01 a.m. on the 12th. In particular, when Ontario proposed a 25% surcharge on electricity transmitted to the U.S., it warned that it would impose a 50% tariff on imports of Canadian steel and aluminum.
In response, Ontario suspended the additional surcharge, and the Trump administration also withdrew the 50% tariff.