Canada has announced plans to impose more than $20 billion in retaliatory tariffs on U.S. goods in response to American tariffs on Canadian steel and aluminum imports. The measures come after the U.S. introduced a 25% tariff on steel and a 10% tariff on aluminum, citing national security concerns. Canadian officials have strongly condemned the move, calling it “unjustified and unacceptable,” and have vowed to take decisive action to protect the country’s industries and workers. The new Canadian tariffs will target a range of American products, including metals, consumer goods, and agricultural products, escalating tensions between the two trade partners.

The dispute highlights growing strains in North American trade relations, with experts warning of potential economic fallout for both countries. Canada, as the largest foreign supplier of steel and aluminum to the U.S., plays a critical role in the supply chain, and these tariffs could disrupt businesses on both sides of the border. The Canadian government has pledged to support affected industries and is exploring further trade measures if necessary. As the trade battle intensifies, economists predict rising costs for manufacturers and consumers, fueling concerns over broader economic repercussions.