Canada to apply dollar-for-dollar U.S. countertariffs as trade feud escalates

Canadian Prime Minister Mark Carney said Ottawa will apply countertariffs on $20 billion of U.S. products on Sept. 8, escalating the feud rocking one of the world’s biggest trading relationships. Carney said he was left with little choice after trade talks with President Donald Trump’s administration broke down on Friday night, and the U.S. put import taxes of 50% on items such as plywood, liquor, electrical equipment and hockey gear from Canada.