03:09
In Canada, politics makes way for hockey
In a country where hockey is sacred, Canadian politics has skated out of the way.
Canada to impose $29.8 billion in retaliatory tariffs on U.S.
reuters
Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
Canada is set to introduce retaliatory tariffs worth C$29.8 billion ($20.7 billion) in response to the 25% duties imposed by the United States on steel and aluminium imports, a senior Canadian government official confirmed on Wednesday.
Speaking on condition of anonymity ahead of the official announcement, the official stated that the measure aims to counter the trade restrictions implemented by U.S. President Donald Trump.
Canada’s response comes as part of a broader international reaction to Washington’s tariff policy. Earlier on Wednesday, the European Union also announced new duties on U.S. industrial and agricultural goods in response to the increased levies.
As the largest foreign supplier of steel and aluminium to the United States, Canada has been directly affected by the American tariffs. The decision to introduce countermeasures underscores the growing trade tensions between the two nations, as well as wider global concerns over protectionist policies.
The Canadian government is expected to provide further details on the tariffs and their potential impact in the official announcement.
19:30
Explainer
Explainer: what are the potential outcomes of Canada's general election?
Canada’s general election, set for April 28, 2025, is shaping up to be a close race between Prime Minister Mark Carney's ruling Liberal Party and the official opposition Conservatives, led by Pierre Poilievre.
10:35
Parliament Scare
Canadian police arrest man after standoff inside parliament’s east block
A security scare unfolded on Parliament Hill Saturday as a man breached the east block, prompting an hours-long lockdown before police safely took him into custody.
21:33
Canada will retaliate if US imposes tariffs, says Carney
Canada will retaliate if the U.S. imposes tariffs, Prime Minister Mark Carney warned on Tuesday.
05:00
Ice storm leaves over 300,000 Canadians without power across Ontario
Over 300,000 Canadians were left without power on Sunday as a severe ice storm battered parts of Ontario, according to electricity provider Hydro One. The storm brought freezing rain and ice pellets over the weekend, with power outages continuing into Monday morning in some regions.
What is your opinion on this topic?
Leave the first comment