Canada Announces Retaliatory Tariffs After U.S. Imposes New Duties

Why it matters locally: Florida's agricultural and manufacturing sectors, including those involved in trade with Canada, could experience increased costs or reduced demand for their products due to these escalating tariffs.

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OTTAWA — Canada announced plans to impose retaliatory tariffs next month, hours after the United States implemented new duties on Canadian products. Prime Minister Mark Carney stated Canada will match the U.S. tariffs "dollar for dollar" starting September 8. The U.S. tariffs currently apply to $20 billion worth of Canadian goods.