WorldEconomy
Canada to announce retaliatory tariffs on US after trade talks collapse
Canada is set to announce retaliatory tariffs against the United States on Tuesday, an official said, after trade negotiations collapsed. Canadian Prime Minister Mark Carney indicated a shift to targeted retaliation, while US President Donald Trump threatened further duties.
Canada is expected to announce retaliatory tariffs on the United States on Tuesday, according to an official familiar with the plans, as a trade dispute between the two countries escalates. The move follows the collapse of negotiations between Ottawa and the Trump administration.
Canadian Prime Minister Mark Carney said Ottawa may move away from matching US tariffs dollar-for-dollar and instead adopt more targeted retaliation aimed at shielding Canadian workers and businesses.
US President Donald Trump escalated the dispute on Monday, warning Canadian leaders to "fall in line" or face consequences "far WORSE" than tariffs already imposed. Trump also threatened new 50% tariffs on Canadian vehicles, auto parts and steel.
Carney accused Washington of seeking to undermine Canada's economy. The specific details of Canada's retaliatory measures have not been officially announced.
WorldEconomy
Canada to announce retaliatory tariffs on US after trade talks collapse
Canada is set to announce retaliatory tariffs against the United States on Tuesday, an official said, after trade negotiations collapsed. Canadian Prime Minister Mark Carney indicated a shift to targeted retaliation, while US President Donald Trump threatened further duties.
Canada is expected to announce retaliatory tariffs on the United States on Tuesday, according to an official familiar with the plans, as a trade dispute between the two countries escalates. The move follows the collapse of negotiations between Ottawa and the Trump administration.
Canadian Prime Minister Mark Carney said Ottawa may move away from matching US tariffs dollar-for-dollar and instead adopt more targeted retaliation aimed at shielding Canadian workers and businesses.
US President Donald Trump escalated the dispute on Monday, warning Canadian leaders to "fall in line" or face consequences "far WORSE" than tariffs already imposed. Trump also threatened new 50% tariffs on Canadian vehicles, auto parts and steel.
Carney accused Washington of seeking to undermine Canada's economy. The specific details of Canada's retaliatory measures have not been officially announced.