Canadian Finance Minister Dominic LeBlanc announced retaliatory tariffs amounting to 29.8 billion Canadian dollars on U.S. goods following President Donald Trump's 25% tariffs on steel and aluminum imports. These tariffs, affecting various products like electronics and sports equipment, were labeled by LeBlanc as "unjustified and unreasonable." Concurrently, the European Union initiated its own countermeasures against U.S. goods. Tensions escalated as Trump previously threatened to increase tariffs to 50%, but ultimately remained at 25%. Discussions are set to continue between Canadian and U.S. officials regarding trade agreements.
Canadian Finance Minister Dominic LeBlanc announced that Canada will retaliate against the U.S. tariffs on steel and aluminum imports with tariffs on $20.7 billion worth of U.S. goods.
LeBlanc described the U.S. tariffs as 'unjustified and unreasonable,' while the EU also initiated countermeasures against U.S. products in response.
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