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PoliticsπŸ‡ΊπŸ‡Έ πŸ‡¨πŸ‡¦3 sourcesΒ· 9 hours ago

US-Canada tariff fight deepens after talks collapse

Why it matters: Trump imposed a 50% tariff on some Canadian exports, and Carney vowed matching duties on US goods.

A new US-Canada trade clash escalated after Canadian Prime Minister Mark Carney ended negotiations Friday before a deadline for a deal, prompting President Donald Trump to place a 50% tariff on some Canadian exports. Carney responded by pledging to match the move "dollar for dollar" on US exports. The dispute has stirred anger and anxiety in Canada, where people interviewed by the BBC in Montreal's Old Port warned that a widening tariff war could hurt jobs, prices and the broader relationship between the two countries. The latest breakdown adds strain to one of North America's closest economic partnerships.

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US-Canada tariff fight deepens after talks collapse β€” Veloxia Global News