Counter-measures covering several sectors come after Trump announced 50% tariffs on Canadian goods
Canada’s retaliatory tariffs on billions of dollars’ worth of American imports have come into effect, escalating a trade fight that has been marked by intensifying tensions between US president Donald Trump and Canadian prime minister Mark Carney.
The tariffs took effect at 12.01am on Tuesday, and range from 15% to 50% and apply to products covering $20bn in imports from the US. The measures target sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics – industries that have been most affected by US tariffs.
The retaliatory tariffs come “as a result of the United States’ decision to impose a 50% tariff on $20bn of Canadian goods effective August 22”, the Canadian government said.
We haven’t even cut off Russia from international trade. Just a few Russian billionaires and specific military goods and oil exports.
An actual embargo would have ended the Ukraine war years ago.
What are the odds anyone will do something meaningful against the US? Almost non existent. No nation is willing to sacrifice the tiniest bit of comfort for the good of humanity.