Canada to impose tariffs up to 50% from September 8
Canada imposed retaliatory tariffs ranging from 15 to 50 percent on American products on Tuesday, set to take effect on September 8. This marks a new escalation in the trade war with the United States, after Washington imposed a 50 percent tariff on Canadian goods worth $20 billion. The move coincided with Ottawa announcing a aid package worth $5.4 billion to support affected businesses and workers. Canada also accused Washington of seeking to dominate it and threatened to impose tariffs on cars and auto parts. Additionally, Trump announced that the United States is considering changing the name of Lake Ontario to "America Lake" in response to the trade tensions between the two countries.
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