Canada has announced C$29.8 billion in retaliatory tariffs on U.S. imports in response to President Trump's tariffs on steel and aluminum. The countermeasures target a wide range of American products, including steel, aluminum, computers, sports equipment, and cast iron. This move follows the expiration of exemptions and marks a significant escalation in trade tensions between the two countries. Canadian officials stated that these tariffs are necessary to protect domestic industries and respond to U.S. trade policies. The dispute raises concerns about further economic fallout and potential negotiations between the two nations.
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Canada announces C$29.8bil in retaliatory tariffs on US
Canada’s retaliation targets steel products worth C$12.6 billion and aluminium products worth C$3 billion as well as additional imported US goods worth C$14.2 billion for a total of C$29.8 billion. Products affected by Canada’s counter-tariffs include computers, sports equipment and cast iron products, LeBlanc said at a news conference.
