
KEY POINTS
- Canada's finance minister announced the new tariffs that will take effect Wednesday
- 'Our government will use every tool at its disposal to defend Canadian jobs and support our businesses and workers,' LeBlanc said
- Canada is the U.S.'s largest foreign supplier of steel and aluminum products
- The European Union said it will impose 'countermeasures' to the Trump tariffs starting April
U.S. President Donald Trump's 25% tariffs on all steel and aluminum imports have kicked in, and Canada, the country's largest foreign supplier of the said products, didn't back down from the trade war, swiftly announcing retaliatory tariffs.