Escalation: Canada announces matching 50% retaliatory tariffs

Canada imposed retaliatory tariffs worth about $20 billion on U.S. goods. The package covers more than 700 products, with rates ranging from 15% to 50%. It matches, dollar for dollar, the 50% duties President Trump put on Canadian imports over the weekend.

Items now facing Canadian tariffs include U.S. furniture and steel, as well as goods such as cheese, paper, pulp and farm equipment. Trump’s latest round had hit Canadian wine, cement and hockey sticks. Canada also unveiled support measures for affected domestic businesses.

AI-synthesized from multiple reported sources