Canada’s 10% Vessel Tariff
On July 1, 2018, Canada, in response to the United States’ 10 and 25 percent surtaxes on Canadian goods, imposed 10 and 25 percent sales surtaxes or similar trade-restrictive measures on goods from the United States (U.S.) including steel, aluminum, and vessels.
Up to C$16.6 billion in imports from the U.S. to Canada are now taxed between 10 and 25 percent. Among the goods affected by the 10 percent surtax are inflatable boats, sailboats (with or without auxiliary motor), outboard motorboats, motorboats (other than outboard motorboats), other vessels for pleasure or sports, automatic regulating or controlling instruments and apparatus, and more.
Everyday items like mayonnaise, chocolate, ketchup, dishwashing detergents, paper. and paperboard are also incurring a 10 percent tariff. Various steel and aluminum products comprise most of the 25 percent tariff list.
These countermeasures are to remain in place until the U.S. abolishes its trade tariffs on Canadian goods. To view the full list of over 120 surtaxed items or to learn more about tariffs on Canadian goods, visit fin.gc.ca.