Canada announces retaliatory tariffs to begin Sept. 8

Canada is set to hit back against the U.S. with retaliatory tariffs starting September 8th, matching the Trump administration's 50 percent tariffs dollar for dollar. Prime Minister Mark Carney announced this move during a press conference, citing the need to protect Canadian industries and workers. This escalation could further strain the already tense trade relations between the two nations, potentially affecting everything from supply chains to consumer prices. The decision underscores the ongoing friction in U.S.-Canada trade policies and its broader implications for global trade dynamics.