US imposes 50 % tariffs on $20 billion worth of Canadian products , and Canada says it will retaliate

The United States implemented 50% tariffs on $20 billion worth of Canadian goods early Saturday following the collapse of last-minute trade negotiations. The move marks a significant escalation in the ongoing trade tensions between the two nations after officials failed to reach an agreement to avert the measures.

In response to the tariffs, Canadian Prime Minister Mark Carney announced that Canada will implement retaliatory measures, pledging to match the US tariffs on a dollar-for-dollar basis. The Canadian government stated that this action is intended to protect domestic workers and businesses as relations between the neighboring countries remain strained.