Canada’s announcement comes despite a detente having been reached Tuesday over the threat of a 25% surcharge on U.S. electricity consumers.

Canada will announce Canadian $29.8 billion or $20.7 billion in retaliatory tariffs in response to the 25% steel and aluminum tariffs that U.S.

U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired, as his campaign to reorder global trade norms in favor of the U.