Macro Finance
US-Canada trade war escalates as Trump threatens tariff hike on autos after Carney vows to retaliate
BBC Business·August 24, 2026·1 min read
Mark Carney accused President Trump of wanting to 'destroy' Canada's auto industry and said he would only resume trade talks if the U.S. comes with the 'right attitude.' The remarks come amid escalating trade tensions, with Trump threatening tariff hikes on autos. Carney's statement signals a hardline stance in ongoing negotiations.
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