Canada vows dollar-for-dollar tariff retaliation after failed US trade talks
Canada says it will match the US’s 50% tariffs dollar-for-dollar after negotiations on a new trade deal failed to produce an agreement by the deadline, affecting about $20 billion in Canadian exports. Ottawa says last-minute changes by the US made a deal unfair and uneconomic, while US officials say Canada walked away from a careful balance. The move raises questions about the future of the US-Canada-Mexico framework and could impact North American industry, with domestic support and business voices urging resilience.