Canada imposes new tariffs on US goods as trade war intensifies

New Canadian tariffs targeting roughly $20 billion in U.S. imports officially snapped into place on Tuesday, the latest escalation in an increasingly costly trade war that has ensnarled two longtime allies.

The duties apply to a variety of U.S. goods, including clothing, cheese, metal parts and wood products. The approach is meant to mimic the taxes that President Donald Trump imposed on Canada after trade talks between the two neighbors collapsed in acrimony last month.

Power bills the new political fault-line in Jammu & Kashmir as Omar govt faces tariff heatFor now, the economic effects of the tit-for-tat may be limited because the tariffs encompass only a small portion of the annual trade between the United States and Canada. The more pressing concern is a potential cycle of retaliation, one that results in even higher and more exhaustive duties that harm families and businesses on both sides of the border.