Canada's Dollar-for-Dollar Tariff Retaliation Begins as Trade War Escalates

The 50% U.S. tariffs on $28 billion worth of Canadian exports—including wine, dairy, cement, clothing, and hockey equipment—went into effect Saturday, hitting CA$20 billion in goods and threatening to raise prices for Canadian consumers on everyday items. Prime Minister Mark Carney has pledged "dollar-for-dollar" retaliatory levies starting September 8 on U.S. steel, dairy, appliances, and electronics, setting the stage for a...