China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.
Swiss chocolate maker Lindt & Spruengli will supply chocolate to Canada made in Europe to avoid Canadian tariffs imposed to counter the higher U.S. customs duties imposed by President Donald Trump.
Imports to the U.S. from Canada and Mexico are now to be taxed at 25%, with Canadian energy products subject to 10% import duties.
Canada’s primary stock index lost all of its gains from earlier in the year after US President Donald Trump put tariffs on imports from Canada, weighing on companies with US exposure and industries sensitive to economic weakness.
David Cohen, former U.S. ambassador to Canada, spoke on President Trump's 25% tariffs, warning against using them for non-trade objectives. He criticizes Trump's approach to Canada, saying it risks long-term U.