Canada says it will match US tariffs 'dollar for dollar' as trade talks break down

Canada has announced it will implement 'dollar for dollar' retaliatory tariffs against the United States after trade talks collapsed and new US tariffs came into effect. The US has imposed a 50% levy on $20 billion worth of Canadian imports, a move that prompted Canada's immediate response. This escalation marks a significant breakdown in trade relations between the two neighboring countries. The tit-for-tat tariffs are expected to impact a wide range of industries and consumers in both nations, highlighting the deepening trade dispute and its potential economic consequences.