Canada to impose retaliatory tariffs across a raft of US sectors, Carney says

Canadian Prime Minister Mark Carney announced retaliatory tariffs against the United States on Saturday after walking away from trade negotiations with President Trump. The decision follows a breakdown in talks between the longtime economic allies in Washington on Friday, plunging the two neighboring countries into an escalating trade war with no clear off-ramp after decades of free trade.

The rupture marks uncharted territory for the United States and Canada, deepening a significant diplomatic and economic rift. For Prime Minister Carney, the late-night decision to suspend talks and impose retaliatory duties represents a crucial and immediate test of leadership as the bilateral relationship enters a period of severe friction following new 50-percent U.S. tariffs.