Canada's Counter-Tariffs Set to Take Effect as Trump Escalates Trade War Rhetoric

Canada's retaliatory tariffs on $27.6 billion worth of U.S. goods are set to take effect at midnight tonight, marking the most aggressive phase yet in the escalating trade war. Prime Minister Mark Carney paused trade talks on August 21, triggering a U.S. response that now includes a 50% tariff on nearly $28 billion in Canadian imports under Section 338 of the Tariff Act of 1930. Canada's countermeasures range from 15 to 50% on products including dairy,...