Canada will announce retaliatory tariffs against U.S. on August 25, official say

Canadian officials are scheduled to announce retaliatory tariffs against the United States on August 25. This move follows ongoing trade tensions between the two nations, marking a shift in Canada's strategic approach to economic countermeasures.

Mark Carney indicated on August 24 that Canada may pivot away from a policy of matching U.S. tariffs on a dollar-for-dollar basis. Instead, the government intends to implement more targeted measures specifically designed to protect Canadian workers and domestic businesses.