Canada retaliates with $20B tariff push as trade dispute intensifies
Canada announced dollar-for-dollar counter-tariffs on about $20 billion of U.S. imports, with rates of 15%, 25%, and 50% on around 700 products, effective Sept. 8, in response to President Trump's latest tariffs. Ottawa also unveiled a C$7.5 billion aid package to help affected businesses and workers, including loans of up to C$5 million from the Business Development Bank of Canada and a 36-month repayment deferral. The move heightens tensions ahead of the U.S. midterm elections and targets sectors like wood products and electronics, aiming to pressure the U.S. while shielding Canadian jobs.
