Canada has announced new retaliatory tariffs on goods from the United States, with levies set to rise as high as 50% in the latest escalation of the continuing trade dispute between the two countries.
The measures are being described as dollar-for-dollar retaliation, signalling that Canada intends to match US trade action with equivalent duties on American goods.
The new levies will apply across a range of products. Goods identified include steel, furniture, fresh tuna and make-up, indicating that the response is not limited to a single sector.
The move adds further strain to trade relations between Canada and the US, two closely linked economies whose industries are heavily exposed to cross-border commerce.
The latest known position is that Canada has announced the retaliatory package and that the affected US goods will face new duties of up to 50%. No further detail was provided in the supplied material on timing, exemptions or any response from the United States.
