Canada Slams Trump with Retaliatory Tariffs on Over 700 US Goods

Canada has announced retaliatory tariffs against the US in response to President Donald Trump's trade policies. Over 700 US-made products are on Canada's list, including seafood, cheese, clothing, cosmetics, and toilet paper, with duties as high as 50%. The tariffs will take effect on September 8.

Finance Minister François-Philippe Champagne said the goal is not to raise revenue but to protect Canadian companies and reduce US imports. The government has also announced a support package for workers and businesses affected by the dispute worth $7.5 billion in Canadian dollars ($5.4 billion).

The trade war between Canada and the US could have significant economic implications, particularly in border states such as Michigan, Ohio, and Alaska. Republican Senator Susan Collins of Maine said imposing new tariffs on Canada is a 'mistake'. The issue also puts pressure on Republicans in Iowa, whose main trading partner is Canada.

Ontario Premier Doug Ford, who previously traded insults with Trump, struck a more conciliatory tone, urging Canadians to buy Canadian products. Canadian officials said the counter tariffs will raise costs for some businesses and consumers but expect the overall economic effects to be moderate.