Canada hits US with $20B in retaliatory tariffs as trade talks collapse

Canada has implemented retaliatory tariffs ranging from 15% to 50% on roughly $20 billion of American goods following the expiration of the United States-Mexico-Canada Agreement trade framework and new U.S. import duties. This trade response targets products like steel, dairy, electronics and petroleum, leading economic experts to warn consumers of rising prices across consumer products, gasoline and motor vehicles.