World Economy

Canada Retaliates With Sweeping Tariffs as US Trade Tensions Intensify

Canada imposed tariffs ranging from 15% to 50% on hundreds of American products Tuesday, escalating a bitter trade dispute with the United States. The retaliatory measures target roughly $20 billion in U.S. goods, marking Ottawa's most aggressive response yet to mounting trade friction. Prime Minister Mark Carney's government is betting that a firm stance will strengthen Canada's negotiating leverage with its largest trading partner. Trade negotiations collapsed in August, sharply deteriorating relations between Washington and Ottawa. The tit-for-tat tariff exchanges now threaten cross-border operations. Trucking and logistics operators moving North American freight face mounting uncertainty as both nations implement competing trade barriers. Industry observers warn the escalating dispute could disrupt supply chains and increase costs for shippers relying on cross-border corridors.