Canada hits back with $20 billion in tariffs on U.S. goods as trade war heats up

Canada escalated its trade dispute with the United States on Tuesday, slapping retaliatory tariffs on roughly $20 billion of U.S. annual imports. This countermeasure directly matches Washington's latest duties, signaling a significant intensification of the trade war between the two North American neighbors.

The new Canadian tariffs will take effect on September 8, imposing duties of 15%, 25%, and 50% on approximately 700 products imported from the U.S. This action is a direct response to recent U.S. trade measures, demonstrating Canada's resolve to protect its industries and workers.

In addition to the tariffs, the Canadian government announced aid packages for businesses and workers impacted by the escalating trade conflict. This dual approach aims to mitigate the economic fallout while asserting Canada's position in the ongoing trade negotiations and disputes.