Canada Prepares Retaliatory Tariffs in Trade Standoff with U.S

Canada is preparing to announce countermeasures, including retaliatory tariffs, against new U.S. trade threats, escalating tensions between the two countries. The announcement is expected Tuesday. Prime Minister Mark Carney's cabinet will unveil the response after President Donald Trump threatened to raise tariffs on Canadian autos, parts, and steel to 50 percent starting January 1. Carney previously signaled a shift from one-to-one retaliation toward targeted actions protecting workers and businesses. The plan reportedly includes expanded unemployment benefits and loan programs for affected companies, designed to last through Trump's term. Trade talks broke down last week, with both sides blaming each other for the collapse.