Bank of Canada Governor Mark Carney has announced that Canada will implement retaliatory tariffs dollar-for-dollar in response to new tariffs imposed by the United States. This decision comes after trade negotiations between the two countries failed to yield a resolution. Carney emphasized Canada’s commitment to defending its industries and workers against unfair trade practices. The specific sectors targeted for Canadian tariffs were not immediately detailed, but are expected to mirror those impacted by US measures. This escalation marks a significant deterioration in trade relations between the US and Canada. Experts predict the tit-for-tat tariff exchange could disrupt supply chains and harm both economies. The Canadian government expressed disappointment with the US approach to negotiations and remains open to further dialogue, but will protect its economic interests.