Canada Had Enough! Imposes Retaliatory Tariffs on $20 Billion of US Goods with Max Tax Rate of 50%

On Tuesday, the Canadian government announced it would impose retaliatory tariffs on $27.6 billion worth of American goods, responding "dollar for dollar, tariff for tariff" to US President Trump's recent imposition of a 50% tariff on Canadian products. This move aims to counterbalance the increased costs imposed by the US, with the new tariffs set to affect approximately $19.94 billion USD worth of goods.