Canada announces $21B in new US tariffs as trade war escalates

Canada announced $21 billion in new tariffs against the U.S. on Wednesday, escalating the trade war between the two countries.

Mar 12, 2025 - 08:00
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Canada announces $21B in new US tariffs as trade war escalates

Canada has announced $21 billion in new tariffs against the U.S. on Wednesday after President Donald Trump's new 25% tariffs on steel and aluminum went into effect.

Canada is the biggest foreign supplier of steel and aluminum to the U.S.

This is a developing story. Please check back for updates. 

FOX Business' Bradford Betz contributed to this report. 

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