Canada Hits Back: 600+ US Products Face Tariffs of Up to 50%
What Happened
Canada has imposed retaliatory tariffs ranging from 15% to 50% on more than 600 US product categories, covering about C$27.6 billion worth of imports. The affected goods include steel, aluminum, dairy products, appliances, electronics, agricultural equipment, furniture, clothing, and cosmetics. Ottawa said the move is a "dollar-for-dollar" response to the United States' recent 50% tariffs on Canadian goods after trade negotiations collapsed.
Key Takeaways
The tariff battle between North America's two largest trading partners is intensifying, raising concerns about supply chain disruptions, higher costs for businesses and consumers, and growing uncertainty around the future of the US-Mexico-Canada trade pact (USMCA).