A Canadian flag flies on Parliament Hill in Ottawa on Saturday, Aug. 22, 2026. (Patrick Doyle/The Canadian Press via AP)
\n\nPrime Minister Mark Carney speaks about Canada’s response to new U.S. tariffs during a news conference on Parliament Hill in Ottawa on Saturday, Aug. 22, 2026. (Patrick Doyle/The Canadian Press via AP)
\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\nCHICAGO (AP) — After trade negotiations crumbled at the eleventh hour, U.S. President Donald Trump’s 50% tariffs on scores of Canadian imports kicked in Saturday.
\n\nThe new levies are expected to affect about 5% of Canada’s annual exports to the U.S., roughly $20 billion in goods ranging from hockey sticks to agricultural products. Canada’s Prime Minister Mark Carney quickly promised Saturday that his government would roll out “dollar for dollar” retaliatory measures starting Sept. 8.
\n\nNo further talks are scheduled. The latest escalation between the two countries — which once held one of the world’s most durable trade alliances — plunges them deeper into a trade war that has kept both sides of the border on edge throughout…
Original source: https://apnews.com/business