Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50%

Canada has announced counter-tariffs as high as 50% on a range of US goods in retaliation to the latest wave of levies on Canadian imports imposed by President Donald Trump last weekend.

The Canadian tariffs will apply to nearly C$28bn ($20bn; £15bn) worth of American products, ranging from steel to furniture, fresh tuna and cotton T-shirts, officials announced on Tuesday.

The list of targeted products is designed to match Canadian goods hit by the US. The Canadian levies are set to come into effect on 8 September.

It is the latest escalation after US-Canada trade talks collapsed late last week, with each side accusing the other of making last-minute demands that were unreasonable.

Finance Minister François-Philippe Champagne said that Canada's retaliation is in response to 50% tariffs imposed by the Trump administration on a range of Canadian goods after trade talks fell apart on Friday.

"Those tariffs will have real consequences for Canadian workers, businesses and communities across our nation," he said. "Canada must respond."

Champagne characterised Canada's retaliation as "proportionate" and "strategic".

He added that Canada will also offer businesses and workers impacted by US tariffs an additional C$7.5bn for support programmes designed to minimise job losses and keep companies afloat.