Canada faces economic fallout after trade talks with the US collapsed and Washington imposed 50% tariffs on hundreds of Canadian products. Economists warn of slower growth and job losses, while Prime Minister Mark Carney plans retaliatory tariffs despite concerns they could raise consumer prices.

Canadian Prime Minister Mark Carney vows to retaliate, says his country recognized that 'America has changed' and that the two countries would 'not return to our old relationship'

“Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Prime Minister Mark Carney said in a statement.