Source: ABC News
“Retaliatory tariffs issued by Canada are set to hit [Canadian buyers of] some imports from the United States soon after midnight on Tuesday, intensifying a trade war between the longtime allies and risking an escalation from President Donald Trump. Levies as high as 50% will be applied to [Canadian buyers of] hundreds of U.S. products, ranging from aluminum foil to raincoats to cheese. U.S. elected officials in states bordering Canada, including Republican Sen. Susan Collins of Maine, have warned the trade dispute will hurt local businesses and consumers. Canadian officials said the retaliatory measure would target about $20 billion worth of U.S. products, mirroring the size of a recent batch of U.S. levies. The targeted goods amount to nearly 6% of annual U.S. exports to Canada, according to U.S. Census Bureau data for 2025.” (09/07/26)