Canada-U.S. Trade War Escalates: Retaliatory Tariffs Take Effect as Trump Threatens Bombardier

Canada's retaliatory tariffs on approximately $20 billion worth of U.S. goods officially took effect after midnight EDT on Tuesday, marking a significant escalation in the 18-month trade war between the two nations. The counter-tariffs, ranging from 15% to 50%, are a direct response to the 50% tariffs Washington imposed on Canadian goods last month following the collapse of trade negotiations.

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