Canada Braces for Trade War as U.S. Tariffs Hit and Carney Vows Retaliation

Prime Minister Mark Carney has declared economic war after U.S. President Donald Trump imposed 50% tariffs on $20 billion worth of Canadian exports, including wood products and wine. Carney called the breakdown in negotiations an "attack" on Canadian sovereignty and promised dollar-for-dollar retaliatory tariffs starting September 8. The tariffs went into effect at 12:01 a.m. Saturday, setting the stage for a protracted trade battle between the historic...