Canada trade war escalates as Mark Carney stands firm against Donald Trump's threats
A trade war between the U.S. and Canada is escalating as President Trump imposes new tariffs on Canadian goods, prompting Prime Minister Mark Carney to threaten retaliatory measures. The dispute follows the collapse of recent trade negotiations.
Why it matters
The economic tension between these two major trading partners threatens to disrupt supply chains and impact North American economic stability.
Mark Carney is vowing to impose retaliatory tariffs on the US from next month. ( Reuters: Chris Tanouye )
Link copied Share Share article The trade rift between two of the world's greatest trading partners, the United States and Canada, is deepening.
US President Donald Trump has announced a new 50 per cent tariff on Canadian vehicles, auto parts and steel from next year after talks between the US and Canada collapsed last week.
But Canadian Prime Minister Mark Carney is not taking it quietly, vowing further retaliation and warning he would not seek an agreement at all costs.
"The goal of our trade negotiations with the United States has always been to get the best deal for Canadians, never a deal at any price or on any time frame," he said on Monday.
Here's how the two neighbours have ended up spiralling towards an escalating trade war.
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