Ottawa: (RightNow) Canada has announced immediate retaliation after the US imposed a 50% tariff on $20 billion worth of Canadian goods. This move is aimed at protecting Canadian businesses and workers.

Reports indicate that President Donald Trump’s new import taxes will affect approximately 5% of Canadian shipments annually. The affected products include hockey sticks and medical equipment.

Canadian Prime Minister Mark Carney stated that Canada will match these tariffs dollar for dollar. This action is taken to safeguard Canada’s economy.

This retaliation raises questions about the future of the North American trade agreement. The agreement is crucial for the industries of all three countries involved.

It is noteworthy that the North American trade agreement involves the US, Canada, and Mexico, playing a key role in the industrial development of these nations.