Canada Slaps Tariffs on US Goods in Escalating Trade War

Canada's Prime Minister Mark Carney has walked away from trade talks with the US, citing an 'unfair' deal. The breakdown has led to retaliatory tariffs on $27.9 billion worth of US goods, including steel and dairy products.

The talks between Canada and the US broke down over the weekend in Washington, with the two sides unable to reach a deal by Saturday's deadline. The dispute centers around US President Donald Trump's tariffs on autos, steel, and aluminum, which have had a significant impact on Canada's economy.

Carney said that the US proposed new terms that were 'uneconomic' and 'unfair', and that his country would not accept them. He also pledged to match the US tariffs 'dollar for dollar' to protect Canadian workers and businesses.

The dispute has significant economic implications, with the US being Canada's largest trading partner. Tariffs on key sectors such as steel and autos are already having a deep impact, and experts warn that the long-term consequences could be severe.