Canada targets US tariffs with balanced retaliation

Canada announced retaliatory tariffs against US imports Tuesday, responding to new American tariffs on Canadian goods. Ottawa says it seeks balance between firmness and protecting its economy. Prime Minister Mark Carney chose "targeted" countermeasures after considering a stronger response. Tariffs of 15% to 50% will apply to over 700 US products starting September 8, totaling about 27.6 billion Canadian dollars, matching the value of affected Canadian goods. Finance Minister François-Philippe Champagne stated Canada did not choose this trade conflict but must defend its interests. The measures follow US tariffs of 50% imposed on Canadian products since August 22.