US President Donald Trump announced immediate quickly 50% tariffs on chosen Canadian goods.

The impacted categories include steel, aluminum and lumber.

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

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

The Canadian dollar fell 1.5% against the US dollar after the statement.

Trade experts signaled that the tariffs could broader trade conflict.

The two nations indicated a willingness to negotiate a agreement.