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Trump enacts 50% tariffs on some Canadian goods; Canada set to retaliate
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The United States and Canada are barreling toward a deeper trade war after last-ditch efforts to strike a deal collapsed Friday. The failed efforts resulted in President Donald Trump enacting 50% tariffs on roughly $20 billion worth of Canadian goods early Saturday morning. Canada is preparing to retaliate with “dollar-for-dollar” tariffs starting September 8, Prime Minister Mark Carney announced over the weekend.

On Monday, Trump escalated matters further, threatening to double duties charged on Canadian cars and car parts to 50% come January 1. “Canada has been ripping off the United States of America for years,” Trump said in a Truth Social post. “Not sustainable, and NOT ANYMORE!”

0:00 Canada ends US trade talks, will start retaliatory tariffs Sept. 8
2:47 Former VP Mike Pence: "The last thing we need...is a trade war with Canada"
4:26 British Columbia premier David Eby: Trump is making US "a global pariah"
9:15 CNN global economic analyst Rana Foroohar breaks down which country will feel more pain

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#Canada #TradeWar #News
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