Canada hits US goods with tariffs of up to 50 per cent as trade war escalates

Canada announced retaliatory tariffs of up to 50 per cent on US$19.94 billion (C$27.6 billion) of American goods on Tuesday, escalating its trade confrontation with Washington days after negotiations collapsed and the Trump administration imposed sweeping new duties on Canadian products. The tariffs, which take effect on September 8, will apply to more than 700 categories of US goods at rates of 15, 25 or 50 per cent, according to the Canadian government. The targeted products range from steel,...