Canada hits back with tariffs on $20B in US goods, targeting electronics and more

Canada announced retaliatory tariffs on over 700 US goods, effective September 8, matching Trump's 50% tariffs dollar-for-dollar and escalating the trade war. The new levies range from 15% to 50%, targeting products like fish, cheese, smartphones, and steel, affecting over $20 billion in trade. Ottawa stated the US demanded terms not in Canada's interest. Prime Minister Mark Carney rejected US negotiation tactics, saying Washington aimed to destroy Canadian industries. The move follows Trump's threats to impose "far worse" tariffs unless Canada complied.