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Canada retaliates with matching tariffs after Trump’s Section 338

8/31/2026

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Trump Imposes Tariffs
  • U.S. President Donald Trump invoked Section 338, imposing 50% tariffs on $20 billion of Canadian imports September 8, prompting Canada to levy tariffs on $20 billion of goods.
  • Canada rejected Trump’s demand to mirror U.S. China tariffs, framing the dispute as a sovereignty issue and noting three-quarters Canadians support it.
  • Tariffs hit steel, aluminium, lumber and automobiles, covering C$28 billion of Canadian goods.
  • Bank of Canada said 55,000 manufacturing jobs vanished between January 2025 and January 2026.
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