Canada retaliates with up to 50% tariffs on US goods in dollar-for-dollar move

Canada announced dollar-for-dollar counter-tariffs on the US of up to 50% on about C$28 billion ($20 billion) of American goods, to take effect Sept. 8, in response to US levies on Canadian imports. The list targets items from steel and aluminum to furniture, clothing and appliances, aiming to mirror Canadian exposures; Ottawa will also provide roughly C$7.5 billion in aid to workers and firms affected. The move follows failed trade talks and underscores ongoing tensions that could complicate the broader USMCA relationship and supply chains.