Canada has imposed tariffs on approximately $20 billion worth of American goods, in response to the 50% duties enacted by the Trump administration on August 22, 2026. The Canadian countermeasures, which will take effect on September 8, 2026, will target roughly 700 products with rates ranging from 15% to 50%. Ottawa has also announced a C$7.5 billion financial support package to help affected businesses and workers. This escalation represents one of the most significant trade tensions in modern North American history, with Canada targeting specific US industries and congressional districts to apply political pressure.
Source: Read the original article

