Canada set to hit back at Trump tariffs, risking wider trade war
Canada is poised to impose tariffs of 15 per cent to 50 per cent on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to US President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Barring a last-minute reprieve, Carney’s government will increase the import tax on many US steel items to 50 per cent…
Canada prepares to retaliate to US tariffs with counter-tariffs, risking a trade war. Prime Minister Mark Carney announced tariffs of 15 to 50 percent on hundreds of US products, targeting US steel and consumer goods. The move aims to improve Canada's negotiating position with the US, its biggest trade partner. US officials have threatened further tariffs and bans on Canadian goods, potentially escalating the dispute.
Canada's move is seen as a calculated risk to make the cost of the trade war clear to American businesses and consumers.
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