Canada Announces Ret retaliatory Tariffs on U.S. Goods Starting Tuesday

Canada will impose 25% tariffs on $107 billion of U.S. goods starting Tuesday, following proposed U.S. tariffs. U.S. military aid to Ukraine has been suspended by President Trump. In India, Chief Minister Yogi Adityanath has ordered an FIR against Ansal Group following insolvency proceedings.

Canada has announced plans to impose 25 percent tariffs on $107 billion worth of U.S. goods starting Tuesday. This action is contingent upon U.S. President Donald Trump’s administration advancing its proposed tariffs on Canadian products. Canadian Prime Minister Justin Trudeau specified that an initial $30 billion in goods will be affected immediately, while tariffs on the remaining $125 billion worth of products will be implemented within 21 days.

In summary, Canada is preparing to impose significant retaliatory tariffs against U.S. goods in response to proposed tariffs by the Trump administration. This move underscores escalating tensions between the two nations over trade policies. Furthermore, developments regarding U.S. military aid to Ukraine and actions against the Ansal Group in India signal a dynamic international and domestic political landscape.

Original Source: www.business-standard.com