The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada said it would retaliate beginning Sept. 8 after last-ditch negotiations failed to resolve the latest strain in relations between the historic allies.
\n\nCanada’s Prime Minister Mark Carney speaks during the Annual Meeting of the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. (AP Photo/Markus Schreiber, File)
\n\nCanada Prime Minister Mark Carney and President Donald Trump hold a press conference at the White House in Washington, D.C., Oct. 7, 2025. (Adrian Wyld/The Canadian Press via AP, File)
\n\nA Canadian flag flies on Parliament Hill in Ottawa on Saturday, Aug. 22, 2026. (Patrick Doyle/The Canadian Press via AP)
\n\nTransport trucks cross the Ambassador Bridge into the United States of America, in Windsor, Ontario, Canada, Saturday, Aug. 22, 2026. (Dax Melmer/The Canadian Press via AP)
\n\nPeople rally in response to U.S. President Donald Trump’s threats to Canadian sovereignty on Parliament Hill in Ottawa, March 9, 2025. (Justin Tang/The Canadian Press via AP File)
\n\nTORONTO (AP) — Mark Carney drew international attention as Canada’s prime minister by warning that middle powers must resist economic coercion by more powerful countries. Now President Donald Trump is putting that…
Original source: https://apnews.com/business