Canada announced retaliatory tariffs on US goods worth approximately $20 billion, in response to the 25% tariffs imposed by the US earlier. This move was led by Canadian Trade Minister Alastair Carn, with the aim of protecting domestic manufacturing and forcing the US to renegotiate trade terms. The new tariffs will take effect next Monday, and it is expected to have a significant impact on bilateral trade between Canada and the US, while also providing both sides with more leverage in future trade agreement negotiations.