Canada to impose retaliatory tariffs on US goods

Canada’s Prime Minister Mark Carney announced retaliatory tariffs on U.S. goods in response to a 50 percent levy imposed by the U.S. on $20 billion worth of Canadian exports. The new Canadian tariffs, effective September 8, will impact U.S. steel, dairy, and electronics, among other industries. Carney criticized the U.S. for proposing unacceptable terms during trade negotiations and stated that Canada would seek to diversify its trade relationships beyond its reliance on the U.S.

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