Canada Hits Back: Retaliatory Tariffs Take Effect in Escalating US Trade War

Canada launched $28 billion in retaliatory tariffs on U.S. goods at midnight Tuesday, firing the latest shot in a trade war that could reshape North American commerce. Prime Minister Mark Carney framed the move as defending Canadian sovereignty against Trump's demands to "hollow out" key industries, while the White House threatened further escalation.

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Trump overnight targeted Bombardier directly, banning sales of its jets in the U.S. unless it moves...