Canada hits back at U.S. with tariffs up to 50%

Canada announced retaliatory tariffs on U.S. products ranging from 15% to 50% on Tuesday, intensifying the trade war between the long-time allies. The measures take effect September 8. Ottawa's tariffs match U.S. levels imposed Saturday on Canadian goods, affecting industries like steel, dairy, and electronics. Canada also announced a $5.4 billion aid package for affected businesses and workers. The U.S. tariffs impact about $20 billion in Canadian goods, roughly 5.5% of exports to the U.S. Analysts warn of further escalation, as Trump has threatened to double tariffs on Canadian cars next year.