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Canada will announce retaliatory tariffs against the United States on Tuesday, official tells AP
Canada will announce retaliatory tariffs against the United States on Tuesday, following the collapse of trade negotiations with President Donald Trump's administration.
Prime Minister Mark Carney suspended trade negotiations last Friday, prompting Trump to impose 50% tariffs on approximately $20 billion worth of Canadian goods.
Escalating the dispute on Monday, Trump threatened new 50% tariffs on Canadian vehicles and steel while demanding leaders "fall in line" or face consequences "far WORSE."
Ontario Premier Doug Ford threatened to cut electricity and critical mineral exports, stating "everything is on the table" if the dispute worsens.
U.S. Trade Representative Jamieson Greer argued on Monday that Canada's auto industry relies on the 1960s Auto Pact, while Carney accused Washington of attempting to dismantle Canadian sectors.