Canada Announces Countermeasures to U.S. Tariffs

Canada has pledged to take action against the recent U.S. tariffs announced by President Trump. Canadian Prime Minister Carney unveiled countermeasures in response to these measures on August 2nd, with further details expected to be released by the Canadian government on August 3rd. Earlier that day, President Trump signed an executive order at the White House implementing ‘reciprocal tariffs,’ which impose a minimum 10% tariff on various trading partners, with higher rates imposed on specific nations.