Mark Carney vows to match US tariffs dollar for dollar as trade negotiations with the United States collapse.
Mark Carney, the Canadian Prime Minister, has pledged to retaliate with 'dollar for dollar' tariffs against the United States following the collapse of trade negotiations in Washington. The administration announced 50% tariffs on $20 billion worth of Canadian goods, ranging from items such as hockey sticks to tongue depressors. President Trump stated that Canada sought the benefits of a state without being one, while Carney described the country as being 'at war' due to a miscalculation by President Trump. Trade experts suggest the tariffs will impact jobs and small businesses, with Dan Kelly estimating that 40% of small Canadian exporters will be directly affected. While some Democrats and governors from border states like Minnesota and New York have criticized the other administration's policy as creating chaos, the US trade representative, Jamieson Greer, defended the move as a necessary countermeasure to protect American workers and supply chains. The escalation has also cast doubt on the user's future of the USMCA trade pact, which President Trump refused to renew this summer.