Business

Canada strikes back at US with retaliatory tariffs as trade war escalates

The move came after the Trump administration imposed 50% tariffs over the weekend on Canadian goods following the collapse of trade negotiations. Canadian Prime Minister Mark Carney accused Washington of trying to subordinate Canada. The owner of a Michigan furniture manufacturer said the White House’s…

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The move came after the Trump administration imposed 50% tariffs over the weekend on Canadian goods following the collapse of trade negotiations. Canadian Prime Minister Mark Carney accused Washington of trying to subordinate Canada.

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The owner of a Michigan furniture manufacturer said the White House’s new tariffs on Canadian imports will “hamper the ability for us to put food on the table for our family” (AP video: Mike Householder)

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Minister of Finance and National Revenue Francois-Philippe Champagne speaks at a news conference on Canada’s response to U.S. tariffs, at a roofing company in Ottawa, on Tuesday, Aug. 25, 2026. (Justin Tang/The Canadian Press via AP)

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Canada Minister of Industry Melanie Joly speaks as Minister of Finance and National Revenue Francois-Philippe Champagne looks on at a news conference on Canada’s response to U.S. tariffs, at a roofing company in Ottawa, on Tuesday, Aug. 25, 2026. (Justin Tang/The Canadian Press via AP)

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Canada Minister of Finance and National Revenue Francois-Philippe Champagne looks at Canadian lumber used for packaging products, as he speaks with Ideal Roofing co-CEO Philippe Laplante during a tour of the manufacturing plant in Ottawa, on Tuesday, Aug. 25, 2026. (Justin Tang/The Canadian Press via AP)

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President Donald Trump speaks…

Original source: https://apnews.com/business

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