Canada enacts $20B U S tariffs

Canada has imposed retaliatory tariffs worth $20 billion on more than 700 American goods, matching the American tariff rates that President Trump had imposed on Canadian imports. This move comes in response to the breakdown of trade negotiations between the two countries, which had been scheduled to start earlier in September. The tariffs target products such as wine, cement, steel, aluminum, and dairy products, aiming to escalate tensions in trade relations between Canada and the United States. Ottawa also announced an additional support package of $7.5 billion for businesses and workers affected by the escalation, amid signs of increasing trade tensions between the two nations.

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