Canada Hits Back with Tariffs as Trade Tensions Escalate Again

Canada's Prime Minister Mark Carney has announced that his country will impose retaliatory tariffs on a wide range of U.S. imports starting from September 8. The move is in response to the Trump administration's new 50% tariffs on Canadian goods.

The new tariffs are set to affect various U.S. products, including lumber and aluminum. This decision comes after the Trump administration increased its tariffs on Canadian steel and aluminum exports earlier this year.

Canada has been seeking exemptions from these tariffs but so far has been unsuccessful. The country is now taking steps to protect its economy by imposing its own retaliatory measures.