Canada just hit $20 billion of American goods with retaliatory tariffs of up to 50%

Canada just hit $20 billion of American goods with retaliatory tariffs of up to 50%
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Canada's steep retaliatory tariffs on $20 billion in U.S. goods took effect just after midnight ET on Tuesday, extending the trade war between the two countries. The Canadian government announced the planned tariffs two weeks ago, after trade negotiations broke down and the Trump administration followed through on a threat to impose 50% duties on $20 billion worth of goods from Canada. Officials in Canada have vowed to match the U.S. levies 'dollar for dollar.' Canada's tariffs range from 15% to 50%. American milk, perfume, video game consoles, golf clubs, fishing rods, steel, aluminum, jackets and T-shirts will face 50% tariffs. Cheese, carpets and certain household appliances like stoves and air conditioners will be subject to 25% tariffs, and forklifts and industrial molds will face 15% tariffs. https://www.cbsnews.com/news/canada-retaliatory-tariffs-us-goods-milk-perfume-golf-clubs-trump/ Trump posts map with American flag emblazoned over Canada, Greenland, Mexico President Trump posted a map with an American flag covering most of North America, as well as Iceland and islands in the Caribbean, on Monday morning, a post that follows his previous pushes to take over territory outside of U.S. borders. https://thehill.com/homenews/administration/6075255-trump-map-territorial-ambitions/

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