US hits some Canadian exports with 50% tariff after talks break down
Why it matters: Prime Minister Mark Carney pledged matching tariffs on US goods, deepening a trade fight between close neighbors.
The United States imposed a 50% tariff on some Canadian exports after trade talks with Canada collapsed ahead of a Friday deadline. Canadian Prime Minister Mark Carney cut off the negotiations, and President Donald Trump responded with the new duties. Carney then vowed to retaliate "dollar for dollar" on US exports. The move reopened a damaging trade dispute between two of North America's closest economic partners. Canadians interviewed by the BBC in Montreal's Old Port described the standoff as frustrating and warned that a prolonged tariff fight could strain business ties as well as broader cross-border relations.