breaking

Canada Implements Up to 50% Retaliatory Tariffs on U.S. Goods Starting Sept. 8

Canada will impose retaliatory tariffs ranging from 15% to 50% on American imports effective Sept. 8. The levies will match U.S. duties applied to roughly $20 billion in Canadian products, targeting steel, dairy, appliances and agricultural equipment among other goods. Prime Minister Mark Carney said Canada would respond "dollar for dollar" to the American tariffs after trade negotiations stalled Friday. The announcement escalates tensions between the two countries as the U.S. threatens additional 50% duties on Canadian automobiles, trucks and auto parts starting Jan. 1. The tit-for-tat measures mark a significant disruption to cross-border commerce, with both nations actively restricting trade access.