business π Canada hits US goods with up to 50% tariffs
Canada announced counter-tariffs on several hundred US products in response to new White House import taxes. Prime Minister Mark Carney's government is implementing these measures against goods arriving at the Canadian border. The tariffs, set to begin September 8, affect imports valued at C$27.6 billion based on 2024 data. This action focuses on shielding domestic industries like steel from US protectionism. Moving forward, the list covers items from steel to milk, with varying tax rates applied. π