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Canada’s retaliatory tariffs on US goods took effect Tuesday, applying to nearly C$28 billion ($20 billion) of imported American goods, including steel, aluminum, furniture, cotton T-shirts, paper products and construction materials.
Canada's new tariffs on U.S. imports took effect just after midnight ET on Tuesday, with rates of 15% to 50% on goods including steel, aluminum, milk, cheese and household appliances.
Trump said Canadian politicians he views as “the enemy” could face a collapse of their economy after U.S.-Canada trade talks fell apart. Carney said a deal remains possible if Washington is ready to negotiate.
Trump signed an executive order renaming Lake Ontario “Lake America” effective immediately, directing Interior Secretary Doug Burgum to update the Geographic Names Information System within 30 days.
Former Vice President Mike Pence warns that escalating U.S.-Canada tariffs could pressure American consumers and businesses and urges President Donald Trump to return to negotiations.
The Canadian dollar falls to around 1.37 per US dollar after US-Canada trade negotiations collapse and President Donald Trump’s 50% tariffs on Canadian imports take effect.
Sources said the US and Canada have agreed a temporary plan to spare some Canadian goods from proposed 50% tariffs and submitted it to President Trump for approval.