US Slaps 50% Tariffs on Canada as Trade Talks Collapse — Carney Vows 'Dollar for Dollar' Revenge
President Donald Trump has imposed 50 percent tariffs on a range of Canadian goods after trade negotiations between the two countries collapsed, igniting a full-blown trade war between the longtime allies [225969][226035].
Canadian Prime Minister Mark Carney immediately vowed to retaliate "dollar for dollar," accusing the US president of starting a trade "war" [225969][226019]. The breakdown came after last-minute talks failed to produce a deal, with Ottawa describing Washington's conditions as unacceptable [226019].
The new tariffs target a broad selection of Canadian products, though the exact list has not been fully detailed [225969]. The suspension of negotiations marks a sharp breakdown in diplomatic efforts that had been ongoing for months [225969][225913].
"We've been under no illusions," Carney said. "America has changed" [226019].
Carney framed the Canadian response as a necessary defense of national interests, rejecting what he called coercive pressure from the White House [226019]. Trump, meanwhile, accused Canada of treating American farmers unfairly for years [226035].
Analysts warn the dispute could disrupt cross-border supply chains and raise prices for consumers on both sides of the border [225969][226019]. Businesses are bracing for new duties, and no new talks are currently scheduled [225913][226019].