The Canadian government has announced it will impose retaliatory tariffs on US imports. These tariffs will match US tariffs "dollar for dollar" with rates of up to 50%. The counter-tariffs are expected to affect $20 billion in goods, including steel, paper, and appliances.

Certain products like toilet paper and wood flooring will receive the full 50% tariff. The goal of these counter-tariffs is to protect Canadian workers and allow them to compete with US products. Further information on the specifics of the tariffs and the affected products is available from the Canadian government's announcement.