Canadian tariffs on US goods take effect. Which products are impacted?

Canada’s retaliatory tariffs on American goods took effect after midnight on Sept. 8, marking another escalation in a trade war between the United States and its second-largest trading partner.

After negotiations fell apart last month and President Donald Trump’s administration imposed 50% tariffs on an estimated 5% worth of Canadian imports, Canadian Prime Minister Mark Carney announced counter-tariffs. They cover about $20 billion worth of U.S. products exported to Canada and range from 15% to 50% across an array of goods.

For the Canadian economy, "the new tariffs create a meaningful but manageable headwind" although their effects will be felt unevenly across provinces and sectors, according to Angelo Kourkafas, Edward Jones' senior global strategist of investment strategy.

The Canadian tariffs on U.S. goods aren’t expected to make a significant dent in most Americans’ budgets, as they are a tax Canadian-based importers will need to pay. However, U.S. producers who regularly export products to Canada will likely face lower demand and need to rethink their supply chains to serve other countries or more domestic consumers, Shikha Jain, a Simon-Kucher partner and lead of the consumer sector for North America, told USA TODAY.

"What really matters for the U.S. consumer is the…

Original source: https://www.usatoday.com/money/