Canada hits back with tariffs on US goods

Canada will impose retaliatory tariffs on the US in response to President Trump's 50 percent tariffs on a wide range of Canadian goods, according to CBC. The new Canadian tariffs will be set at 15, 25, and 50 percent, covering goods worth approximately 27.6 billion dollars. The highest tariffs, at 50 percent, target dairy products, cosmetics, certain lumber, and steel. These countermeasures are expected to take effect on September 8. The trade dispute escalates tensions between the two neighboring countries. Canada's action follows the US decision to levy steep tariffs on Canadian imports.