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Canada imposes tariffs and subsidies on steel and lumber to counter U.S. duties, escalating trade tensions.
Canada's finance minister, Chrystia Freeland, announced new measures to support its steel and lumber industries amid escalating trade tensions with the United States, signaling a shift in bilateral relations.
The moves include temporary tariffs and subsidies aimed at protecting domestic producers from what Ottawa calls unfair U.S. trade practices.
This follows recent U.S. actions imposing duties on Canadian steel and aluminum, prompting Canada to respond in kind.
The developments mark a significant escalation in trade disputes, with officials suggesting the era of smooth Canada-U.S. trade cooperation may be ending.
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Canadá impone aranceles y subsidios al acero y a la madera para contrarrestar los aranceles estadounidenses, aumentando las tensiones comerciales.