Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, escalating a trade fight that has sharply worsened since negotiations with the Trump administration collapsed.

Negotiations between the U.S. and Canada broke down late Friday and tariffs went into effect early Saturday morning.

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

In a critical exchange, the United States cautioned Canada against pursuing a trade war, labeling it as a reckless move that could lead to severe repercussions. Following a…

Canada is preparing retaliatory tariffs against the US as Mark Carney rejects Trump’s trade demands and Washington threatens 50% tariffs on Canadian industries.