Canada-U.S. Trade War Escalates | Calgary News

Canada-U.S. trade talks have collapsed, triggering 50% tariffs on key Canadian exports like furniture, cement, and wine—sending shockwaves through businesses that now face sudden revenue losses and crippling uncertainty. Prime Minister Carney pulled his team after U.S. demands became untenable, and while some companies scrambled to place last-minute orders, many are shutting down U.S. operations entirely. Economists warn up to 87,000 jobs could vanish as businesses freeze long-term plans. Canada may retaliate with matching tariffs, but that could raise costs for domestic firms reliant on U.S. inputs. With no clear relief in sight, small businesses are left scrambling, hoping Ottawa can deploy effective support before the damage deepens. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3c322fff1b188399