Canada imposes more retaliatory tariffs as Trump’s trade war hits the world [Video]

Canada amped up its retaliatory measures against Donald Trump’s tariffs on Wednesday as the United States president brought his trade war to the world.

A 10 per cent baseline tariff on imports to the U.S. from most countries, and higher duties on dozens of nations, came into force just after midnight following days of turmoil in global markets.

“BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!” Trump posted on social media Wednesday morning.

Most stocks slumped after the levies kicked in, with the world’s two largest economies intensifying the tariff spat. Trump increased tariffs on Chinese goods to 104 per cent and Beijing responded with additional duties on U.S. imports — pushing its total tariffs on U.S. goods to 84 per cent.

While Canada isn’t being targeted by Trump’s global tariffs, the country is being hit by U.S. automobile, …