Canada hits back in Trump's trade war with heavy export tariffs
Canada has imposed retaliatory tariffs on approximately $20 billion of U.S. exports, including dairy, perfume, and steel, in response to President Trump's earlier levies on Canadian goods. The new Canadian duties range from 15% to 50% and are expected to significantly impact manufacturers in Midwestern U.S. states and dairy producers.
The escalating trade dispute between the U.S. and Canada, marked by reciprocal tariffs, poses significant economic risks to specific American industries and producers, and could lead to further retaliatory measures and complicate trade relations.
President Trump is threatening to ban Bombardier jet sales in the U.S. in response to Canada blocking American banks and companies.
