U.S.-Canada Trade War: What to Know About Tariffs and the Negotiations

BREAKING: US-Canada trade war escalates as Canada suspends trade negotiations, triggering Trump's 50% tariffs on Canadian goods, with Mark Carney vowing to retaliate 'dollar for dollar'.

Canada just walked out of trade talks with Washington, and the price of leaving is fifty percent.

That's the tariff Donald Trump slapped on Canadian goods the moment negotiations were suspended, and he made it sound like a favour. You can see him here, in full podium mode, and this is exactly the kind of fight he enjoys.

On the other side is Mark Carney, who's not blinking. His response, retaliation dollar for dollar. Not a review, not a working group, a matching hit on American goods for every dollar of damage. That's a former central banker talking like a man who's done the math and decided he can absorb the pain.

So two of the world's most intertwined economies are now trading punches instead of goods. Cars, lumber, energy, food, all of it crosses that border every single day, and every crossing just got more expensive.

Nobody wins a fifty percent tariff war. But somebody always loses it slower.

This is Sara White, reporting for HIT.