Canada Imposes C$27.6B Retaliatory Tariffs on U.S. Goods, Escalating Trade Dispute

Canada has imposed C$27.6 billion in retaliatory tariffs on U.S. products in response to earlier U.S. tariffs, escalating the bilateral trade dispute. Prime Minister Carney warned of the costs of weakening ties, while President Trump threatened further sanctions and made a symbolic gesture by renaming Lake Ontario. The escalation raises uncertainty for cross-border trade and could pressure both economies.