Canada Hits Back with $29.8 Billion in Retaliatory Tariffs After U.S. Steel and Aluminum Hikes

Canadian ministers held a press briefing following the implementation of U.S. President Donald Trump’s increased tariffs on steel and aluminum imports. In response, Canada is set to impose C$29.8 billion in retaliatory tariffs on American goods, a Canadian official confirmed.

The countermeasures target key U.S. industries, aiming to pressure Washington into reconsidering its tariff strategy. Canadian officials condemned the move, calling it an unfair blow to trade relations and vowing to protect the country’s economic interests.

The escalating trade dispute raises concerns about further economic strain between the two allies, with both sides preparing for prolonged negotiations.