EconomyCanada Hits US With Tariffs of Up to 50%

Canada imposed 15% to 50% tariffs on hundreds of U.S. products Tuesday. Mark Carney’s government raised duties on many U.S. steel items from 25% to 50% and extended them to consumer goods including motorcycles, cosmetics and cheese. Carney is betting that standing up to Donald Trump will eventually strengthen Ottawa’s negotiating position with its largest trading partner.