Power & Politics Power & Politics

Canada hits back at U.S. with $28B worth of retaliatory tariffs

Aug 25, 2026 · 1h 3m

Summary

Canada retaliates against 50% U.S. tariffs with dollar-for-dollar levies on $27.6 billion in American goods and a $7.5 billion support package. Industry Minister Melanie Jolie defends the strategy, while NDP Leader Jagmeet Singh urges leveraging energy exports. Economist Trevor Toome warns of job losses and price hikes, and panelists debate the political and economic impacts of the escalating trade war.

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