By Zoila Palma: Canada is set to impose retaliatory tariffs on billions of dollars worth of U.S. products, escalating a growing trade dispute between the two longtime allies.
The new measures, taking effect shortly after midnight Tuesday, will impose tariffs of up to 50 percent on hundreds of American-made goods, including aluminum foil, raincoats and cheese, ABC reports.
Canadian officials say the tariffs will target approximately US$20 billion worth of U.S. imports, matching the value of a recent round of American tariffs. The targeted products represent nearly six percent of annual U.S. exports to Canada, according to 2025 data from the U.S. Census Bureau.
The latest escalation follows the collapse of trade negotiations last month and the implementation of new U.S. tariffs. Canada subsequently announced that it would respond with matching measures beginning in September, raising concerns among businesses and consumers on both sides of the border.
The post International News: Canada set to hit U.S. Products with retaliatory tariffs appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: Canada is set to impose retaliatory tariffs on billions of dollars worth of U.S. products, escalating a growing trade dispute between the two longtime allies. The new measures, taking effect shortly after midnight Tuesday, will impose tariffs of up to 50 percent on hundreds of American-made goods, including aluminum foil, raincoats and
The post International News: Canada set to hit U.S. Products with retaliatory tariffs appeared first on Belize News and Opinion on www.breakingbelizenews.com.
