Canada is escalating the trade war with President Donald Trump after US-Canada trade talks broke down. Canadian Prime Minister Mark Carney announced that Ottawa will match Washington’s new tariffs “dollar for dollar,” targeting roughly $20 billion worth of American goods.
Canada is set to impose tariffs of up to 50% on more than 700 US products while doubling tariffs on American steel and aluminum. The retaliation could expand further if Trump moves ahead with additional tariffs, including potential taxes on automobiles.
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