Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50%
Canada has announced retaliatory tariffs of up to 50% on various US goods in response to recent levies imposed by the Trump administration. The move aims to protect Canadian industries, though officials acknowledge it will likely increase costs for consumers and businesses on both sides of the border.
Why it matters
This escalation represents a significant strain on US-Canada trade relations, potentially impacting supply chains and consumer prices for both nations.
Image source, Reuters Image caption, Canada described its counter-tariffs on the US as "proportionate" and "strategic".
Canada has announced counter-tariffs as high as 50% on a range of US goods in retaliation to the latest wave of levies on Canadian imports imposed by President Donald Trump last weekend.
The Canadian tariffs will apply to nearly C$28bn ($20bn; £15bn) worth of American products, ranging from steel to furniture, fresh tuna and cotton T-shirts, officials announced on Tuesday.
The list of targeted products is designed to match Canadian goods hit by the US. The Canadian levies are set to come into effect on 8 September.
It is the latest escalation after US-Canada trade talks collapsed late last week, with each side accusing the other of making last-minute demands that were unreasonable.
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