NewsDialy
A trade standoff between Canada and the United States has sharpened. Canada announced "dollar for dollar" retaliatory duties on American goods, a phrase meaning Ottawa will charge U.S.
imports the same rate Washington placed on Canadian exports. President Donald Trump's tariffs on Canada stand at 50%, and Canada's matching duties are set to take effect next week.
Canadian Prime Minister Mark Carney pushed back publicly against Howard Lutnick after Lutnick weighed in on the standoff.
Carney's stated position: Canada will resume trade talks "when the Americans are ready." Ottawa is signaling willingness to negotiate. It is not moving toward the table first.
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