Crucial item of tackle affected by Canada’s 50% tariff hike on US goods

Canada has announced a new round of retaliatory tariffs against US products which will come into force in September and have an effect on the fishing tackle industry.

As the trade war with its neighbour the US gains momentum, Canada will impose a 50% tariff on fishing rods originating in the US. This will apply only to goods made there and not products that are merely shipped from the US.

The American Sportfishing Association (ASA) – the body that represents the industry – said that the additional tax applies only to fishing rods. Rod parts, fishing hooks, reels and other tackle classifications are not included.

In a release, the Government of Canada said: “Over the last several months, the Government of Canada has negotiated in good faith with the United States to conclude a mutually beneficial trade agreement. However, the concessions that were asked of Canada were neither fair nor economically sound and would have undermined the interests of workers, businesses and all Canadians

“As a result of the decision of the US to impose a 50% tariff on $27.6 billion of Canadian goods effective on August 22, the Prime Minister announced that Canada will match the incoming US 338 tariffs – dollar for dollar.”