Canada to announce retaliatory tariffs as Trump escalates trade war

ndtv.com

Canada will announce retaliatory tariffs against the U.S. on Tuesday after President Donald Trump told Canadian leaders to "fall in line" or face consequences "far WORSE" than existing tariffs, and Prime Minister Mark Carney accused Washington of trying to subordinate Canada. Trump threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. demands showed Washington wanted to "destroy our major industries." Finance Minister Francois-Philippe Champagne and three other Cabinet ministers will unveil Canada's response Tuesday morning, with Carney suggesting more targeted retaliation instead of dollar-for-dollar matching. The dispute escalated after Carney walked away from trade negotiations Friday, triggering Trump's threatened tariffs on about $20 billion of Canadian goods. Ontario Premier Doug Ford said "everything is on the table," including cutting electricity and critical minerals, as the deeply integrated U.S.-Canada auto sector faces direct impact.


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Canada to announce retaliatory tariffs as Trump escalates trade war | News Minimalist