Carney retaliates against Trump's 50% tariffs on Canadian goods

economictimes.indiatimes.com

Canadian Prime Minister Mark Carney announced retaliatory tariffs matching US duties dollar-for-dollar after President Trump imposed 50% tariffs on $20 billion worth of Canadian goods, escalating tensions between the two nations. The move comes as part of a rapidly intensifying trade war between Washington and Ottawa, with Canada stating it will directly counter the US tariffs. The announcement was made during live developments as the two leaders face off over trade policy. The dispute marks a significant escalation in US-Canada trade relations, with both sides implementing increasingly harsh measures against each other's goods.


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