Canada announces ‘dollar for dollar, rate for rate’ retaliatory tariffs on US

Canada announced retaliatory tariffs on hundreds of American products as high as 50 percent Tuesday, just days after the collapse of negotiations between the two countries. Canadian Finance Minister Francois-Philippe Champage said Canada will match the U.S.’s tariffs “dollar for dollar, rate for rate.” The tariffs would take effect on Sept. 8. He said the…