Canada announced retaliatory tariffs on many U.S. goods on Tuesday as the two countries fell deeper into a trade fight.
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Canadian Finance Minister François-Philippe Champagne said the government’s countermeasures would match U.S. tariffs “dollar for dollar, rate for rate,” hitting U.S. exports including steel and appliances. Canada’s tariffs will take effect Sept. 8, he said.
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The move comes after President Trump imposed 50% tariffs on many Canadian goods and threatened more after trade talks broke down on Friday.
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