Current Affairs - Economy - Discussion

Canada has imposed a 25% tariff on $155 billion worth of U.S. imports in response to U.S. tariff actions. The initial phase includes $30 billion worth of goods, with additional tariffs on another $125 billion set to follow in 21 days. This move is part of a broader trade conflict involving multiple countries, as China and Mexico are also considering countermeasures. The retaliatory tariffs highlight the ongoing tensions in global trade policies, particularly between Canada and the United States.