Times of India
AsiaPac · 3 hrs ago
Canada hits back at Trump, unveils dollar-for-dollar counter-tariffs
Trump revived his '51st state jab' against Canada in his criticism over the collapse of talksCanada on Tuesday announced retaliatory tariffs of up to 50% on about $27.6 billion worth of US goods, escalating the trade war between the two neighbours after trade negotiations between Ottawa and Washington collapsed.The new measures, which will take effect on September 8, will cover a wide range of US products, including seafood, dairy, paper products, furniture, apparel, tools, cosmetics and motorcycles.The Canadian federal government is introducing the counter-tariffs on a swath of US goods. These new retaliatory tariffs will have a sliding scale of 15, 25 and 50%.The highest tariff of 50% will apply to certain dairy products, cosmetics and lumber products. Duties on US steel and aluminium wi
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