business π Canada set to hit back with tariffs on US
Canada will announce retaliatory tariffs against the United States on August 25, 2026, as trade tensions escalate. This move comes after negotiations with the Trump administration collapsed, leading to harsh rhetoric from both sides. Trump previously threatened 50% tariffs on about $20 billion of Canadian goods following the breakdown on August 21, 2026. Prime Minister Mark Carney stated Canada would use targeted retaliation to protect domestic workers and businesses. Premier Doug Ford also indicated that critical resources like electricity and minerals could be used as leverage if the dispute worsens. π