Canada's $27.6 Billion Retaliatory Tariffs on U.S. Goods Take Effect
Summary
Canada has enacted retaliatory tariffs worth $27.6 billion, doubling duties on U.S. steel and aluminum to 50%.
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Canada's retaliatory tariffs totaling $27.6 billion have officially taken effect as trade tensions between Ottawa and Washington continue to escalate.
Under the new measures, duties on U.S. steel and aluminum products have doubled to 50%. The implementation comes amid an ongoing war of words and deepening trade friction between the two neighboring economies.
Source: CNBC
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