Canada has announced it will impose retaliatory tariffs matching the 50% duties the United States has imposed on nearly $28 billion worth of Canadian imports. The decision comes after trade negotiations between the two nations collapsed, marking a significant escalation in their trade dispute. Canadian Prime Minister Mark Carney described the situation as a direct attack, stating that the United States has effectively declared war on Canada through its trade policies.
The US imposed the tariffs as a last-minute move, according to Carney, who accused Washington of making a “power play” that derailed the talks. Canada is now preparing to respond with tariffs of the same magnitude, targeting American goods in a move that could further strain economic ties between the two countries. The retaliatory measures are expected to affect a wide range of Canadian imports, including agricultural products and manufactured goods.
The trade war has been a recurring issue under former US President Donald Trump, who frequently imposed tariffs on Canadian goods. This latest development adds to the growing tension between the two nations, with both sides accusing each other of protectionist policies. As the situation unfolds, the impact on trade relations and economic cooperation remains uncertain.
