Canada announced retaliatory tariffs on 623 American products after the US imposed 50% tariffs on a range of Canadian goods on Aug. 22, with no exceptions — even for products covered under the trade deal negotiated during the president's first term.
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Canada matched the US rate, hitting most of those 623 products with the same 50% tariff.
US exporters did $333 billion in business with Canada last year. Canada's retaliatory tariffs touch about $20 billion of that — roughly 6% of total US exports to Canada.
The hardest-hit categories include networking and communications equipment — including smartphones — and parts for derricks, the towers commonly used in oil rigging.
Arizona faces that same 6% exposure. About $185 million of the state's $3 billion in exports to Canada are at risk.
Canada imports two Arizona products at more than $30 million each. Networking and communications equipment accounts for nearly $38 million, while electrical cabling accounts for $34 million. The top 10 most-exposed Arizona exports are a mix of industrial equipment and products used in transportation.
Any tariffs hurt Arizona companies, and escalation remains a concern. Over the weekend, former President Trump threatened Canadian jet manufacturer Bombardier — a potential gut punch for Arizona's aerospace sector.
Arizona exported over $500 million in aircraft and aircraft parts to Canada last year and imported $237 million back.
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