Mark Carney says Canada's counter tariffs are "a tenth the size of the U.S."

Prime Minister Mark Carney announced Canada will implement dollar-for-dollar counter tariffs on U.S. goods starting September 8, a move he previously deemed unrealistic due to the significant economic disparity between the two nations. This action comes in response to the United States imposing 50% tariffs on $28 billion of Canadian products, including wine, plastics, and electronics. Carney stated this strategy is intended to be effective and will be accompanied by government aid for Canadian businesses and workers impacted by the escalating trade dispute, which has already led to job losses and higher consumer prices.