Canada will announce Canadian $29.8 billion or $20.7 billion in retaliatory tariffs in response to the 25% steel and aluminum tariffs that U.S.

Canada will impose retaliatory tariffs on U.S. imported goods worth C$29.8 billion ($20 billion) effective on Thursday in response to U.S. President Donald Trump's steel and aluminum tariffs, Canada's Finance Minister Dominic LeBlanc said.

Canada announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of US-made items after the Trump administration went ahead with global levies on imports of steel and aluminum.The retaliatory measures will target US steel and aluminum products as well as consumer items such as computers and sporting goods.