U.S. imposes 50% tariffs on $20 billion worth of Canadian products. Canada says it will retaliate

President Donald Trump has imposed a 50% tariff on $20 billion worth of Canadian products, affecting approximately 5% of annual Canadian shipments to the United States. The newly taxed goods range from hockey sticks to tongue depressors.

In response to the U.S. measures, the Canadian government has stated that it will retaliate against the tariffs. This development follows a broader pattern of escalating trade tensions under Trump's second term.

According to timelines of the trade dispute, Trump's ongoing tariffs and threats of additional import taxes have significantly strained the longstanding diplomatic and economic relationship between the United States and Canada, raising concerns regarding Canada's economy and sovereignty.