Canada announces retaliatory tariffs on $27.6-billion worth of U.S. goods

Canada announced retaliatory tariffs on $27.6B of U.S. goods, matching Washington’s dollar-for-dollar new duties, as the trade war escalates. Alongside the tariff action, Canada unveiled financial support for Canadian businesses and workers affected by the increased trade friction. The move raises near-term risk to cross-border trade flows and adds policy uncertainty for impacted sectors.