The Trump administration announced on the 8th that it would strengthen retaliatory measures in response to Canada's tariff increases on US goods, banning some imports of alcoholic beverages and dairy products from Canada and expanding the scope of the 50% tariff. The measures, which add items such as furniture, aluminum products, and small cars to the tariff list, will take effect on the 15th, while the import ban will take effect on the 29th. A senior US official emphasized that 'we are restoring fair competitive conditions and protecting US production.' The Canadian government on the 8th imposed tariffs of up to 50% on US steel, aluminum, dairy products, and furniture, and the cycle of retaliation between the two countries is intensifying, developing into a trade war. President Trump also stated on social media that he intends to exclude Canadian products from US government procurement. Canadian Prime Minister Carney, in a speech to the nation on the 8th, criticized the US side, saying that 'no fair agreement proposal was presented.'
US expands 50% tariffs on Canadian aluminum products, directly harming aluminum commodity prices.
