Canada's retaliatory tariffs on $20B in U.S. goods take effect

Canada has implemented retaliatory tariffs on $20 billion of U.S. goods, effective Tuesday after midnight ET. These duties, ranging from 15% to 50%, were introduced in response to Trump imposing 50% duties on Canadian imports. To mitigate the economic impact, Canada has also launched a C$7.5B support package. This escalation extends the ongoing trade war between the two nations, as Canada reacts directly to the trade policies established by the U.S. administration.