Canada hits back with tariffs on $20B in US goods

Canada announced new retaliatory tariffs on US imports Tuesday, escalating the trade war between the two nations. The counter-tariffs take effect September 8, covering US goods worth $19.9 billion. Rates match US tariffs, including 50% on steel and aluminum, and 25% on appliances, dairy, and seafood. The move follows US 50% tariffs on Canadian goods introduced August 22. Prime Minister Mark Carney called the US action a miscalculation, while President Donald Trump accused Canada of "ripping off" the US.