Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, escalating a trade fight that has sharply worsened since negotiations with the Trump administration collapsed.
The official spoke on condition of anonymity because they were not authorised to discuss the plans publicly.
Prime Minister Mark Carney said Monday that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses.
President Donald Trump escalated the dispute again Monday, telling Canadian leaders to “fall in line” or face consequences “far WORSE” than tariffs already imposed and threatening new 50 per cent tariffs on Canadian vehicles, auto parts and steel.
Carney accused Washington of trying to subordinate Canada and said US trade demands had confirmed Canada’s fears that the United States was seeking to dismantle major Canadian
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.