The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate after last-ditch negotiations failed to resolve the latest strain in relations between the historic allies. President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. Canada had sought concessions on tariffs on steel, aluminum, autos and lumber. The political impact will likely be even bigger than the economic fallout. The countries sold each other $880 billion worth of goods and services last year. US Imposes Tariffs on $20 Billion of Canadian Products | Newsmax.com