By Gwurld4026 
$21 Billion Price Hike: Canada’s Retaliation Against Trump
In a significant escalation of trade tensions, Canada has imposed retaliatory tariffs on $21 billion worth of U.S. imports, including sports gear and computers. This action responds to U.S. tariffs on Canadian steel and aluminum, with Canada implementing a 25% tariff on various U.S. goods.
Finance Minister Dominic LeBlanc announced these measures, stating that Canada aims to protect its economic interests. This move follows earlier tariffs on $30 billion worth of U.S. goods enacted on March 4.
The trade dispute has led to broader economic impacts, including a 25% increase in electricity prices for 1.5 million American homes and businesses in Ontario. Premier Doug Ford has warned of a potential complete shutdown of electricity exports to the U.S. if tensions escalate further.
These developments underscore the complexities of international trade relations and their direct effects on consumers and businesses across borders.