Canada Hits Back: $29.8 Billion Tariff Retaliation against US

Canada plans to impose $29.8 billion in retaliatory tariffs following US president Trump’s 25% tariffs on steel and aluminum imports. A Canadian government official, speaking anonymously, shared this in line with similar moves by the European Union, making it a coordinated trade response.

In an assertive response to US President Donald Trump's tariffs on steel and aluminum, Canada is set to implement $29.8 billion in retaliatory tariffs. This move highlights Canada's disapproval of the 25% tariffs on these essential commodities.

The revelation comes from a senior Canadian government official, who shared details on condition of anonymity. This is part of a broader resistance, as the European Union also declared retaliatory measures, targeting US industrial and agricultural products.

Canada, a primary steel and aluminum supplier to the US, reinforces its stance alongside the European Union, demonstrating a united front in these escalating trade tensions.

(With inputs from agencies.)