OTTAWA—Mark Carney’s decision to pull out of trade talks with the Trump administration was met with a largely united show of defiance against what the prime minister called “unfair” last-minute U.S. demands.
The collapse of talks late Friday ushers in a sharp escalation in bruising U.S. tariffs that Carney has vowed to push back against with a “dollar for dollar” retaliation. A 50 per cent U.S. tariff on $28 billion worth of Canadian goods took effect at midnight — with business leaders warning about the pain ahead for Canada’s economy and Carney promising relief measures to come.
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