Canada vows ‘dollar for dollar’ response as US puts 50% tariffs on some goods

The United States has implemented 50% tariffs on approximately $20 billion worth of Canadian goods, including items like hockey sticks and tongue depressors. This move followed the collapse of trade talks between the two nations. In response, Canadian Prime Minister Mark Carney has pledged a "dollar for dollar" retaliatory measure. While trade experts anticipate some job losses, the primary impact of these tariffs is expected to be political, potentially creating a significant divide between the traditionally allied countries.