Canadian officials on Wednesday announced 25% tariffs on $29.8 billion of U.S.-produced goods after the Trump administration imposed 25% tariffs on Canadian steel and aluminum sold in the United States.

Canada will impose retaliatory tariffs on U.S. imported goods worth C$29.8 billion ($20 billion) effective on Thursday in response to U.S. President Donald Trump's steel and aluminum tariffs, Canada's Finance Minister Dominic LeBlanc said.

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

President Donald Trump's reckless tariff policies are threatening to drive the economy into a ditch—and Congress just made it harder to take away the keys. In a near party-line vote on Tuesday afternoon,