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Canada responds to US 50% tariffs with reciprocal duties on US goods
The retaliatory duties are scheduled to take effect next week on a dollar-for-dollar basis, escalating the trade fight between the two countries.
Canada has retaliated against President Donald Trump's 50% tariffs on goods by imposing “dollar for dollar” duties on U.S. products, according to CNBC Markets.
The Canadian duties are set to take effect next week, according to the report, continuing an escalation in the two countries’ tariff dispute.
The outlet also reports that Canada’s senior trade figure said Canada would resume trade talks only “when the Americans are ready,” in response to comments from U.S. officials referenced in the coverage.
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