Tense relations between two historic allies have reached a new low. Negotiations to ease the strain recently came to an end without a resolution. As a result, tariffs are being imposed on a significant amount of products.

A substantial amount, $20 billion worth, is affected by the new tariffs. The tariff rate is set at 50%.

Further details on this development are available from the source, including the response from one of the affected parties, which has indicated plans to retaliate.