Canada to announce response to Trump's latest tariffs as trade war escalates

sg.news.yahoo.com

Canada is set to announce its response Tuesday to President Donald Trump's latest tariffs, escalating a trade war between the historically close allies. The measures aim to support workers and businesses during "challenging times," with officials detailing Ottawa's plan at a morning press briefing. Fresh 50-percent US tariffs on Canadian goods took effect Saturday, impacting about $20 billion in exports, after negotiations collapsed. Prime Minister Mark Carney said retaliatory tariffs will begin September 8, while Trump pledged to double auto tariffs to 50 percent next year, drawing sharp criticism from Ontario Premier Doug Ford. The dispute has fueled personal animosity, with Trump calling Carney a "governor" and suggesting renaming Lake Ontario "Lake America." Economists estimate the tariffs raise the US effective rate on Canadian exports to 6.9 percent, hitting manufacturers in Quebec, New Brunswick, and Ontario hardest.


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