U.S. imposes 50% tariffs on $20 billion worth of Canadian products

The U.S. has slapped hefty 50% tariffs on $20 billion worth of Canadian goods, sparking an immediate vow of retaliation from Canada after last-minute talks fell through. This move highlights the escalating trade tensions between the two nations, which could have ripple effects on everything from lumber to dairy products. With both sides now set to respond with their own tariffs, this conflict could reshape North American trade dynamics and impact consumers and businesses on both sides of the border.