Canada imposes 50% retaliatory tariffs on $20B of US goods
Canada confirmed a new round of tariffs matching Washington's 50% duties, covering more than 700 American products worth roughly $20 billion, set to take effect September 8. The move follows the collapse of trade talks last week, with both governments blaming each other for last-minute demands. Ottawa specifically doubled its tariff on U.S. steel and aluminum to 50% in direct response to similar U.S. levies.