Canada has announced retaliatory tariffs on nearly $20 billion worth of U.S. goods, matching Washington’s latest duties dollar-for-dollar as tensions between the two countries reach a new low. The new Canadian tariffs, taking effect September 8, will target around 700 products with duties of 15%, 25%, and 50%. Ottawa has also unveiled a C$7.5 billion support package for businesses, workers, and industries affected by the escalating trade war. With President Donald Trump’s new 50% tariffs on Canadian imports already in effect, the tit-for-tat measures are raising fresh concerns about the economic impact on both sides of the border.
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