By punching back, Canadian Prime Minister Mark Carney is taking an economic and political gamble, balancing short-term pain with longer-term strategy.
Canadian Prime Minister Mark Carney said Ottawa will apply countertariffs on $20 billion of U.S. products on Sept. 8, escalating the feud rocking one of the world’s biggest trading relationships. Carney said he was left with little choice after trade talks with President Donald Trump’s administration broke down on Friday night, and the U.S. put import taxes of 50% on items such as plywood, liquor, electrical equipment and hockey gear from Canada.
Extract — continue reading at the source.
Similar stories
4 outlets
See how this story developed, hour by hour
US-Canada trade dispute escalates after Carney announces retaliatory tariffs
france24.com
23.08.2026
Canada to hit US with retaliatory tariffs as trade war escalates
aljazeera.com
23.08.2026
Canada to match Trump's tariffs 'dollar for dollar' after trade talks collapse
news.sky.com
22.08.2026
Canada says it will match US tariffs 'dollar for dollar' as trade talks break down
bbc.co.uk
22.08.2026
Related stories
China postpones moon launch as mission fails to meet launch conditions
Good Good apologizes for controversial Callaway Golf video ad depicting violence
Spying device detectors may give domestic abuse victims false sense of security, study finds
Illicit deeds have just gotten a new Halloween video game banned in Australia – and it’s not because of the violence
Australia’s marine parks protect ‘places no one goes’ rather than fragile coastal zones, scientists say
Australia’s first home buyers are still taking out loans as property investors step back, data shows