Canada's Retaliatory Tariffs on U.S. Goods Take Effect

GeopoliticsMacro Impact 4
โดย Seeking Alpha·CAUS·Read original
Summary · why it matters

Canada's retaliatory tariffs on U.S. goods took effect at 12:01 a.m. on September 8, imposing duties of 15%, 25%, and 50% on about C$27.6 billion ($20 billion) of U.S. imports, including steel, aluminum, dairy, appliances, agricultural equipment, pulp and paper, plastics, and electronics. The measures escalate an 18-month trade dispute following the collapse of negotiations between Ottawa and Washington, and come after the U.S. imposed new 50% duties on Canadian exports in August. U.S. companies to watch include Nucor, Steel Dynamics, Cleveland-Cliffs, Alcoa, Deere, Caterpillar, Whirlpool, Kraft Heinz, General Mills, Eaton, Emerson Electric, Honeywell, International Paper, Dow, LyondellBasell, General Motors, and Ford, among others. Bombardier faces added uncertainty after President Donald Trump threatened to block its aircraft from the U.S. market unless it manufactures in the U.S. The dispute could weigh on Canadian growth, exports, and business investment, with Canadian exports to the U.S. already falling 6.6% in July.

Impact on stocks 22

Critical Materials & Supply Chain▼ · 5 stocks
Alcoa Corp
AA
▼ NegativeTariffrelevance

Canada imposes 15% tariffs on U.S. aluminum imports, directly affecting Alcoa's exports.

Dow Inc
DOW
▼ NegativeTariffrelevance

Canada's tariffs on plastics and chemicals include Dow products, impacting its exports.

Nucor Corp
NUE
▼ NegativeTariffrelevance

Steel is a primary target of Canada's 25% tariffs, directly affecting Nucor's exports.

Steel Dynamics Inc
STLD
▼ NegativeTariffrelevance

Canada's retaliatory tariffs on U.S. steel directly affect Steel Dynamics' exports to Canada.

Honeywell International Inc
HON
▼ NegativeTariffrelevance

Canada's retaliatory tariffs on U.S. goods include electronics, affecting Honeywell's exports to Canada.

Consumer Staples▼ · 4 stocks
The Kraft Heinz Company
KHC
▼ NegativeTariffrelevance

Dairy products are among the U.S. goods hit with Canadian tariffs, affecting Kraft Heinz's exports.

General Mills Inc
GIS
▼ NegativeTariffrelevance

Retaliatory tariffs on U.S. goods include dairy and food products, affecting General Mills.

Materials▼ · 3 stocks
Cleveland-Cliffs Inc
CLF
▼ NegativeTariffrelevance

Canada's 25% tariffs on steel hit Cleveland-Cliffs' exports to Canada.

International Paper
IP
▼ NegativeTariffrelevance

Pulp and paper products are subject to Canadian tariffs, impacting International Paper's exports.

Energy Transition & Power Demand▼ · 2 stocks
Caterpillar Inc
CAT
▼ NegativeTariffrelevance

Canada's tariffs on agricultural equipment include Caterpillar products, raising costs for U.S. exports.

Eaton Corporation PLC
ETN
▼ NegativeTariffrelevance

Retaliatory tariffs on U.S. goods include electronics, affecting Eaton's products.

Climate Adaptation & Water▼ · 2 stocks
Deere & Company
DE
▼ NegativeTariffrelevance

Canada's tariffs on agricultural equipment include Deere products, affecting its sales.

Consumer Discretionary▼ · 2 stocks
Whirlpool Corporation
WHR
▼ NegativeTariffrelevance

Whirlpool faces Canadian tariffs on appliances, raising costs and reducing competitiveness.

Electrification & Mobility▼ · 2 stocks
Ford Motor Company
F
▼ NegativeTariffrelevance

Retaliatory tariffs on U.S. goods include autos, affecting Ford's exports to Canada.

General Motors Company
GM
▼ NegativeTariffrelevance

Retaliatory tariffs on U.S. goods include autos, affecting General Motors' exports to Canada.

Robotics & Physical AI▼ · 1 stocks
Others▲ · 1 stocks

Theme Impact 2

Off-coverage companies 1

Bombardier Inc.Private▼ Negative
Tariffrelevance

Bombardier faces added uncertainty from Trump's threat to block its aircraft unless it manufactures in the U.S.

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