Canada announces counter-tariffs on over 700 U.S. goods

Wood logs are pictured floating in the Fraser River in Vancouver, British Columbia, Canada, Aug. 25, 2026. The Canadian federal government on Tuesday announced retaliatory tariffs on over 700 U.S. goods valued at 27.6 billion Canadian dollars (about 20 billion U.S. dollars), alongside a 7.5-billion-Canadian-dollar assistance package for domestic businesses and workers.