- Canada has announced retaliatory trade measures against the United States, matching dollar-for-dollar new duties imposed by Washington.
- The country will double tariffs on American steel and aluminum to 50 percent and impose levies between 15 and 50 percent on over C$27.6 billion ($19.94 billion) worth of United States goods starting September 8.
- The measures are “proportionate, targeted and strategic,” designed to “match dollar for dollar, rate for rate” against Trump’s tariff agenda, Finance Minister François-Philippe Champagne said.
- The Trump administration’s 50 percent tariffs on many Canadian products went into effect Saturday after negotiations fell apart last week due to President Donald Trump’s last-minute “unfair” and “uneconomic” terms, Prime Minister Mark Carney said.
- Trump has warned Canadian leaders to “fall in line” or face harsher 50 percent tariffs targeting vehicles, auto parts, and steel, prompting an intense public exchange with Ontario Premier Doug Ford.
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