Canada and US Trade War Escalates as Carney Hits Back at Trump

Canada and the US are locked in a trade war after talks broke down, with both sides imposing 50 percent tariffs on billions in goods. The conflict is escalating at a critical time for both leaders. The US imposed tariffs on Canadian goods ranging from hockey sticks to cement after Prime Minister Mark Carney broke off negotiations. Canada responded with matching tariffs on the same products, affecting $40 billion in trade. Ontario's premier called Trump a "loser" while the White House accused Canada of exploiting the US for decades. Canada is targeting products from specific US states to increase political pressure ahead of November's midterm elections. Trump's approval rating has fallen to a record-low 33 percent, and analysts say the trade war is unpopular in the US. Canada is offering billions in aid to affected businesses, though the conflict could cost tens of thousands of Canadian jobs.