Canada slaps retaliatory tariffs on $20 billion of US goods
Canada has launched retaliatory tariffs on nearly C$28 billion, about US$20 billion, worth of American goods, escalating the US-Canada trade dispute. The measures include tariffs on steel, furniture, and cotton T-shirts, while fresh fish and lobster were excluded after industry concerns. With negotiations stalled, consumer prices and employment are under pressure, while Canada moves to diversify its trade away from the US. Meanwhile, Donald Trump has warned of further action.
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