Canada and US Exchange New 50% Tariffs Amid Escalating Trade Dispute

The trade dispute between Canada and the United States has intensified, with both nations imposing new 50% tariffs. US President Donald Trump applied tariffs on Canadian spirits, dairy, and other goods, prompting Canada's Prime Minister Mark Carney to retaliate with "dollar-for-dollar" tariffs on US products including steel and electronics. This escalation follows failed negotiations and originated from Canada's earlier removal of US alcohol from shelves, signaling significant economic friction between the two allies.