Trade Standoff: Trump's 50% Tariff Kicks In; Carney Vows 'Dollar for Dollar' Response The collapse of three days of intense trade talks between the United States and Canada has left many wondering about the future of their bilateral relationship.
The imposition of 50% tariffs on Canadian goods, while perhaps provocative, was met with a defiant promise from Ottawa to match dollar for dollar.
Canada's Prime Minister Justin Trudeau was famously blindsided by Trump's imposition of steel and aluminum tariffs in 2018. However, instead of backing down, Ottawa retaliated with its own set of tariffs.