US President Donald Trump announced immediate abruptly 50% tariffs on specific Canadian goods.

The impacted categories include steel, aluminum and lumber.

The the Treasury office said the move aims to safeguard domestic producers and reduce Canada’s trade surplus.

The Ottawa’s government responded with plans to strike back.

The Canadian dollar dropped 1.5% against the US dollar after the declaration.

Economists alerted that the tariffs could expanding trade conflict.

Washington and Ottawa indicated a willingness to negotiate a agreement.