Canada's $28 billion tariffs on US goods take effect as trade war deepens

Canada began retaliatory tariffs covering $28 billion worth of US goods, with duties ranging from 15 to 50 per cent.

Why it mattersThe tariff escalation threatens the US-Mexico-Canada trade agreement and creates uncertainty about investment and economic growth.

AustraliaNo direct impact yet, but prolonged US-Canada trade friction can slow North American manufacturing and affect supply chains Australian importers depend on.

Corroborated bytheguardian.com

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