Canada Targets US States with Retaliatory Tariffs
Canada is pushing back against the US in their ongoing trade war. In response to new 50% tariffs imposed by President Trump, Canada has targeted specific states and industries with retaliatory measures.
The Canadian government said they aimed to apply political pressure on U.S. officials through these targeted tariffs, which include food products, beverages, and appliances.
Despite the trade tensions, Canada's economy showed surprising resilience in the second quarter, growing at a rate of 3.3%, but growth is expected to slow down significantly due to the new tariffs.