Canada Unleashes 50% Tariffs on US Goods Amid Escalating Trade Conflict

Canada has imposed tariffs of up to 50% on over 700 U.S. products in response to Washington's levies, marking a significant escalation in the bilateral trade conflict.

The move comes after trade negotiations between the two countries broke down last Friday, with Ottawa accusing the U.S. delegation of introducing 'unacceptable' demands that affected national sovereignty.

The Canadian government has matched the new U.S. tariffs dollar for dollar and introduced a financial assistance package worth 7.5 billion Canadian dollars to support local companies hit by the tariffs.