Canadian Tariffs Hit $20B in U.S. Imports

Canada has implemented retaliatory tariffs of 15-50% on $20 billion worth of U.S. goods including metals, apparel, and milk, in response to recent U.S. tariffs on Canadian imports. The trade escalation has pressured pre-market futures across major indexes, with the Dow down 472 points. Markets await Friday's CPI inflation report, expected to show headline inflation at +3.4% and core inflation at +2.4%, as investors monitor geopolitical tensions affecting oil prices.