Canada hits US goods with retaliatory tariffs

Canada has announced retaliatory tariffs on US goods, escalating the trade confrontation between the two countries. The tariffs range from 15% to 50% and apply to around 700 American products, including steel, dairy, electronics, frozen and fresh fish, dishwashers, and washing machines. According to Malay Mail, Canada's Finance Minister Francois-Philippe Champagne said the tariffs match US levels.

The retaliatory tariffs will take effect on September 8 and are in response to US President Donald Trump's 50% duties on Canadian goods. Canada's government has also announced a $5.4 billion aid package for firms and workers affected by the tariffs. Industry Minister Melanie Joly has urged Canadians to support local businesses and vowed to work with new allies and trading partners.

US President Donald Trump has responded to Canada's move, threatening to rename Lake Ontario to Lake America. According to Semafor, Canada's industrial minister said the reprisals were intended to apply economic pressure in US states ahead of November's midterm elections.

Brief written by urgent.news from Punch Nigeria, Malay Mail, CBS News, Semafor, The New York Times — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.