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

The targeted categories include steel, aluminum and lumber.

The the Treasury said the move aims to defend domestic producers and shrink Canada’s trade surplus.

The Canada’s government responded with plans to counter.

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

Trade experts alerted that the tariffs could escalating trade conflict.

The two nations suggested a willingness to negotiate a deal.