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Canadian tariffs on U.S. milk, perfume, golf clubs and other goods take effect as trade war grinds on
CBS News • • nation
Key Points:
- Canada implemented retaliatory tariffs ranging from 15% to 50% on $20 billion worth of U.S. goods, including milk, steel, aluminum, and video game consoles, in response to U.S. tariffs on Canadian products.
- The tariffs mark an escalation in the ongoing trade dispute between the two countries, following failed negotiations and previous threats by the Trump administration to impose duties on Canadian goods.
- Economists warn the tariffs could particularly impact manufacturers in U.S. Midwestern states and dairy producers in Wisconsin and Vermont, though the affected goods represent a small fraction of the $700 billion in annual trade between the nations.
- The trade tensions have been fueled by broader disagreements, including disputes over the U.S.-Mexico-Canada Agreement, NATO, and President Trump's controversial remarks about Canada.
- Political leaders on both sides have exchanged sharp criticisms, with Canadian officials condemning U.S. demands as excessive and President Trump accusing Canada of unfair trade practices and threatening to cut off Canadian imports.
