Economy

US-Canada Trade Tensions Escalate as Mark Carney Threatens Matching Tariffs

Published On Tue, 25 Aug 2026
Asian Horizon Network
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Trade tensions between the US and Canada are intensifying after negotiations failed to resolve the ongoing tariff dispute. Canadian Prime Minister Mark Carney has warned that Ottawa will respond with “dollar-for-dollar” tariffs if Washington introduces additional trade measures. Canada remains heavily dependent on the US market, with roughly 70% of its exports destined for its southern neighbour. US President Donald Trump has accused Canada of unfairly benefiting from the relationship, fueling concerns that the standoff could deepen and create broader economic pressure on companies and consumers on both sides of the border.

Disclaimer: This video is taken from WION.