, Feb. 2 -- Canada has announced retaliatory tariffs against the US, marking the start of a potential trade war between the neighbouring countries.

Prime Minister Justin Trudeau introduced "far-reaching" tariffs of 25%, targeting $106.6 billion (£86bn) worth of American goods, including items such as beer, wine, household appliances, and sporting goods, reports BBC.

This action mirrors US President Donald Trump's 25% tariff on Canadian and Mexican imports, as well as an additional 10% levy on China, citing concerns over illegal immigration and drug trafficking.

Trudeau emphasised that he would not "back down in standing up for Canadians," while acknowledging the serious consequences the tariffs could have on both sides of the bord...