Canada will match US tariffs 'dollar for dollar,' Carney says

Canadian Prime Minister Mark Carney announced on Friday that Canada will impose reciprocal tariffs on the United States, matching American levies "dollar for dollar." The decision follows the breakdown of negotiations regarding trade conditions between the two nations, with Carney stating that recent progress toward a new agreement failed to meet Canada's objectives.

Carney indicated that he rejected Washington's proposed terms for a trade deal, citing dissatisfaction with the current status of the negotiations. The move marks a significant escalation in trade tensions, as Canada prepares to respond directly to US economic measures.