Trump’s new 50% tariffs on Canada risk igniting a fresh trade war | CNN Business

President Donald Trump on Monday announced sweeping tariffs against Canada, threatening to reignite a trade battle with one of America’s closest allies and top economic partners. The 50% tariffs on certain Canadian goods, including electrical equipment and machinery, are among the steepest tariffs his administration has levied against any country. Although the president has recently threatened tariffs against America’s neighbor in retaliation for wildfire smoke that poured into the northern part of the United States, administration officials said that the latest tariffs are unrelated. The levies take effect in 30 days, covering about $20 billion of Canadian goods, the White House said. Canadian Prime Minister Mark Carney said the country “believes in the benefits of free and fair trade,” in a statement on Monday. “In all circumstances, Canada will work relentlessly and take any measures necessary to build our strength at home and to support Canadian workers, farmers, businesses, and families,” Carney said. But Ontario Premier Doug Ford went further, immediately encouraging Canada to retaliate. “If these tariffs proceed, Canada should respond tariff for tariff, dollar