Canada Imposes Retaliatory Tariffs on U.S. Goods Amid Escalating Trade War

Canada has announced retaliatory tariffs on approximately $20 billion worth of American goods, including steel, dairy products, appliances, and farm equipment, in response to new U.S. tariffs. This escalation follows the collapse of trade negotiations and threatens one of the world's largest trading relationships. Canadian Prime Minister Mark Carney accused Washington of attempting to subordinate Canada and destroy its major industries. The tariffs are set to take effect on September 8, with rates matching corresponding U.S. tariff rates on over 700 products.