DID Press: Canada is set to announce retaliatory tariffs on U.S. goods on Tuesday, Aug. 25, an informed Canadian government source told The Associated Press, escalating trade tensions between the two countries.
The move follows a breakdown in trade negotiations between Canada and the administration of U.S. President Donald Trump. Canadian Prime Minister Mark Carney has said Ottawa could opt for more targeted measures to protect Canadian workers and businesses rather than simply matching U.S. tariffs.
Meanwhile, Trump warned Canadian leaders on Monday to “come along” or face consequences that would be “much worse” than the current tariffs. He also raised the possibility of imposing tariffs of up to 50% on Canadian vehicles, auto parts and steel.
Carney criticized Washington’s approach, accusing the United States of seeking to pressure and undermine Canada’s economic sovereignty. He said U.S. trade demands had reinforced Ottawa’s concerns about the potential damage to major Canadian industries.