Canada to announce retaliatory tariffs on U.S. goods after talks collapse
Canada will announce retaliatory trade measures Tuesday against new U.S. tariffs, following the breakdown of negotiations between the longtime allies. The announcement comes after Washington imposed 50% tariffs on Canadian products Saturday. Prime Minister Mark Carney said talks collapsed over "unfair" U.S. terms, while U.S. Trade Representative Jamieson Greer disputed this account, claiming Canada "simply wanted more." Carney initially vowed "dollar-for-dollar" retaliation but now suggests a more targeted approach. Tensions have escalated with insults exchanged between Trump and Ontario Premier Doug Ford, prompting Trump to threaten further tariffs and rename Lake Ontario "Lake America." The dispute follows a 2025 Ford ad criticizing tariffs that previously angered Trump.