Canada Digs In as US Trade Fight Escalates

Former Canadian Finance Minister Chrystia Freeland said Canada was right to withdraw from a trade deal, arguing in a Bloomberg interview that Ottawa should not back down from counter-tariffs in response to US duties. Freeland stated that Canada's past retaliation against US tariffs had proven effective and urged the country to prepare dollar-for-dollar counter-tariffs after the US imposed 50% duties. She said Trump's trade approach risks turning allies into "vassals." The statement came as Canada prepared its tariff response.

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