Ottawa will impose tariffs on US imports after Washington raised duties on Canadian goods to 50 percent.
Canada will enforce retaliatory tariffs on a broad range of US imports beginning September 8. The move follows the Trump administration’s decision to raise tariffs on Canadian goods to 50 percent, escalating trade tensions between the two nations.
The tariffs target key US exports, though specific products and rates were not disclosed. Earlier this year, Canada had threatened reciprocal measures in response to US trade actions, citing violations of bilateral agreements.
Markets may see increased volatility in cross-border trade sectors as the implementation date approaches.