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Canada says it will match US' new tariffs 'dollar for dollar'

short by Ankush Verma / on Saturday, 22 August, 2026
After US President Donald Trump announced new 50% tariffs on Canada as the two countries failed to reach a trade deal, Canadian PM Mark Carney said his country "will match US' new tariffs dollar for dollar". Canada's retaliatory tariffs will hit sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.