Canadian Prime Minister Carney said trade talks with the United States have been suspended, according to ChainCatcher. He also said the U.S. plans to impose a 50% tariff increase on Canada. In response, Canada will take countermeasures at the same rate. Carney said the move is intended to protect Canadian workers and businesses. The statement points to a fresh escalation in trade friction between the two countries, with Ottawa framing its response as a direct and proportional reaction to Washington’s planned tariff action.
Trade talks between Canada and the United States have been suspended, Canadian Prime Minister Carney said, according to ChainCatcher.
Carney said the U.S. plans to raise tariffs on Canada by 50%. Canada will respond with countermeasures of the same scale to protect Canadian workers and businesses, he said.
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