The Canadian government announced on August 25 that it would impose retaliatory tariffs on approximately 700 types of American goods starting September 8, with rates of 15%, 25%, or 50%. This move is in response to the United States' earlier imposition of a 50% tariff on an equivalent volume of Canadian goods. Among these, existing 25% countermeasures on certain industries, such as steel and aluminum, will be increased to 50%. Concurrently, Canada will launch a CAD 7.5 billion aid package to support businesses and workers affected by the new U.S. tariffs.