Canada Hits Back at US with $20 Billion in Retaliatory Tariffs

Canada has imposed retaliatory tariffs on US goods worth around $20 billion as the trade dispute between the two nations deepens. The countermeasures, which came into effect on Tuesday, cover hundreds of American products including steel, aluminium, milk, clothing, furniture, and golf clubs.

The tariffs range from 15% to 50%, with cheese, toilet paper, and some household appliances facing a 25% levy. The Canadian government has removed dozens of seafood products from the list after its industry warned that tariffs on fresh fish and lobster could hurt both Canadian and American businesses.

The US had imposed tariffs on Canadian goods worth around $12 billion, including cars, trucks, steel, aluminium, and lumber. The dispute has already begun to affect Canada's economy, with a 41,000 job loss in August as the impact of US tariffs and the breakdown in trade talks started to weigh on economic activity.

Canada's Prime Minister Mark Carney said the country remains open to a deal that protects its interests and provides a lasting settlement. However, Washington has shown little interest in immediately returning to negotiations, with US Trade Representative Jamieson Greer accusing Ottawa of turning down what it considered its best offer.