Finance Canada has decided to exclude fish and seafood products from the list of items subjected to counter-tariffs, a move that follows the government’s initial retaliation against the U.S. The adjustment was announced late Wednesday night, citing industry feedback as the reason for the change. The government emphasized its ongoing evaluation of the effectiveness of these measures, particularly focusing on sectors impacted by U.S. tariffs.
This decision comes in response to the U.S. imposing 50 per cent tariffs on a range of goods, prompting Canada to implement counter-tariffs on $27.6 billion worth of American products. The initial list primarily targeted seafood items, which were subject to a 25 per cent tax rate.
The government confirmed its commitment to maintaining a proportional response to U.S. tariffs without providing specific details. Concerns were raised within the fisheries industry earlier in the week regarding the potential negative effects of these retaliatory actions, with some expressing feeling caught off guard by the inclusion of seafood in the tariff list.