Canada Imposes Retaliatory Tariffs Following U.S. 50% Levy on Canadian Goods

Canada has initiated retaliatory tariffs against the U.S. following the collapse of trade negotiations and the imposition of 50% U.S. tariffs on Canadian imports. The escalation marks a significant breakdown in bilateral trade relations, with the full scope of Canadian countermeasures and potential for further U.S. escalation remaining uncertain.