Canada FIRES BACK at Trump with dollar-for-dollar tariff retaliation

Canada will impose retaliatory tariffs of up to 50% on U.S. goods after President Trump’s threats, escalating U.S.-Canada trade tensions. The move is likely to pressure cost structures and near-term demand while increasing uncertainty for cross-border supply chains. Canadian leaders (Premier Doug Ford and Finance Minister François-Philippe Champagne) signaled a direct tit-for-tat response, with implications for broader inflation and growth expectations.