Canadian Prime Minister Mark Carney announced Saturday that Canada will impose retaliatory tariffs on 20 billion U.S. dollars’ worth of American goods, effective September 8th. This decision follows the collapse of trade negotiations between Canada and the United States. Carney described the tariffs as “dollar-for-dollar,” meaning they will directly correspond to American tariffs imposed on Canadian products. The announcement was made in a nationally televised address, signaling the seriousness of the escalating trade dispute. This move represents a significant escalation in trade tensions between the two countries. The Canadian government views the American actions as unfair and damaging to its economy, necessitating a firm response. Further details regarding the specific goods targeted by the tariffs are expected to be released soon.