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Canada levies $20B retaliatory tariffs on U S
Canada announced retaliatory tariffs on more than 700 American goods valued at up to $20 billion, in response to the United States imposing a 50% tariff on Canadian imports of steel, aluminum, and other products. These new tariffs target a broad range of imports, including wine, cement, wood, and household appliances, and will take effect on September 8. At the time, trade negotiations between the two countries had stalled, leading to increased tensions in their trade war. Canada reaffirmed its willingness to continue negotiations, while the Trump administration accused Ottawa of sabotaging the talks through unreasonable last-minute changes.
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