Canadian Prime Minister Carney has announced the implementation of retaliatory tariffs on U.S. goods, set to begin in September. This decision follows the collapse of trade negotiations between Canada and the United States. Carney stated the tariffs will be applied on a “dollar-for-dollar” basis, mirroring any U.S. tariffs imposed on Canadian products. The move signals an escalation in trade tensions between the two countries. This action is a direct response to what Canada views as unfair trade practices by the U.S. The announcement underscores the fragility of the current trade relationship and potential impacts on both economies. Further details regarding the specific goods targeted by the tariffs are expected shortly.