Prime Minister Mark Carney announced Canada will retaliate against US tariffs with a dollar-for-dollar response, following the collapse of trade negotiations. The decision comes after the US imposed new tariffs on Canadian goods, prompting Canada to prepare countermeasures. Carney stated the US made last-minute demands that derailed talks, calling the tariffs a miscalculation aimed at dividing Canada.
Canada’s trade minister confirmed the retaliatory tariffs will be implemented soon, targeting American goods in a direct response. Carney emphasized that Canada would not compromise its sovereignty, walking away from a deal that he deemed unacceptable. The move escalates the trade war, with both nations imposing tariffs on each other’s products.
The US had threatened tariffs on Canadian steel and aluminum, and Canada is now set to respond with similar measures. Carney also urged provinces to remove American liquor bans to help finalize the trade deal, highlighting the broader economic impact of the dispute. The situation remains tense as both countries prepare to enforce their respective tariffs.
