Canada unveils tariffs on 700+ US products

Canada has announced retaliatory tariffs on more than 700 American goods valued at $20 billion, in response to the 50% tariffs imposed by the United States on Canadian products. The new measures include tariffs ranging from 15% to 50% on sectors such as steel, home appliances, dairy, agricultural equipment, and electronics, with the aim of protecting Canadian workers and businesses. Additionally, the government has launched a aid package worth 7.5 billion Canadian dollars to support small and medium-sized enterprises, helping them avoid layoffs and enhance workforce skills. The new sanctions will take effect on September 8, with the goal of restoring balance to trade between the two countries.

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