Canada's Trade War Escalates: 50% Tariffs and a Retaliation Deadline

Canada is hitting back with steel. Prime Minister Mark Carney's government announced it will unveil "dollar-for-dollar" retaliatory tariffs against the United States on Tuesday, targeting $28 billion in American goods. The counterpunch comes after U.S. President Donald Trump imposed 50% tariffs on a swath of Canadian exports—electronics, plastics, furniture—and threatened to double auto tariffs to 50% in January. The move signals to markets that Ottawa won't blink,...