Canada retaliates as trade war with the US escalates

Canadian Prime Minister Mark Carney on Saturday announced retaliatory tariffs on the US, after walking away from a “bad deal” on trade in a deepening rift between the longtime allies.Negotiations between the neighboring countries broke down on Friday in Washington, putting into force new 50 percent US tariffs impacting about US$20 billion worth of goods, or 5.5 percent of Canadian exports to the US.Impacted products range from hockey sticks to cement. Canadian Prime Minister Mark Carney speaks with reporters after suspending trade negotiations with the US in Ottawa on Saturday. Photo: Reuters “You’re at war when you get attacked. We got attacked,” Carney said.US President Donald Trump yesterday hit back at Canada. “Canada wants the benefits of being a State, without being one!!!” Trump wro