In response to the latest US tariffs imposed on Canadian imports, the Canadian government has announced retaliatory tariffs on American goods worth nearly C$28bn ($20bn; £15bn). These tariffs, ranging from steel to furniture and fresh tuna, will take effect on 8 September. The move comes after trade talks between Canada and the US collapsed last week due to unreasonable last-minute demands from both sides. Finance Minister François-Philippe Champagne stated that Canada's retaliation is proportionate and strategic. Additionally, Canada will provide C$7.5bn in support for businesses and workers affected by US tariffs. The escalating trade war between these historically close trading partners is expected to lead to increased costs for businesses of all sizes and potentially higher prices for consumers. Polls suggest that the majority of Canadians support their government's stance against the US. However, concerns have been raised about why trade talks fell apart, with the Conservative opposition calling for the release of the full text of the draft deal. The White House has responded by stating that it is prepared to offer Canada the most preferential market access of any country on Earth in recent trade talks. Meanwhile, President Trump accused Canada of ripping off the US and threatening to hike US tariffs on Canadian automobiles to 50% as of 1 January. The escalation also puts into question the future of the North American free trade pact between Canada, the US, and Mexico, known as the USMCA. Canadian officials have released a list of nearly 900 US products that will be hit by their counter-tariffs, selecting goods that consumers and businesses can source elsewhere to minimize harm at home.