There have been various reports about this already in the $20-30 billion range but the AP reports that Canada will announce more than $20 billion in tariffs against the US in response to today’s US tariffs on Canadian aluminum and steel.

A meeting tomorrow is planned between US and Canadian officials so we will see if that gets trade back on track.

Update: $20.7 billion in fresh tariffs were announced. These are on top of the $30 billion already announced.

This article was written by Adam Button at www.forexlive.com.