Canada prepares retaliation as Trump warns of massive new auto tariffs
The US-Canada trade war is escalating after Donald Trump threatened to raise tariffs on Canadian automobiles, trucks and auto parts from 25% to 50%. The move follows the collapse of bilateral trade negotiations, with Prime Minister Mark Carney promising a "dollar-for-dollar" response.
The dispute is now raising concerns over Canada's auto industry, businesses on both sides of the border and the future of the USMCA, which underpins $1.6 trillion in North American trade.
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