Canada hits back at the U.S. with tariffs as the countries' trade fight escalates

Canada announced retaliatory tariffs on U.S. goods on Tuesday as the two countries fell deeper into a trade fight.

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.

The move comes after President Trump imposed 50% tariffs on many Canadian goods and threatened more after trade talks broke down on Friday.

World, reordering As Canada readies retaliatory tariffs, Mark Carney says his nation is 'at war' with U.S. This is a developing story that will be updated.

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