In a move that has sent ripples through Canada’s trade-dependent economy, President Trump has raised tariffs on Canadian goods to 35%. Prime Minister Carney expressed disappointment over the increase, which is seen as retaliatory action amid stalled negotiations between the two countries. The hike is expected to result in higher prices for consumers, with five key areas identified as being impacted. As Canada grapples with the repercussions, discussions on potential retaliation are ongoing, while the deadline for a new trade deal looms. Key industries such as lumber are bracing for the effects, and the sentiment in Canada is that a worse deal might be preferable to capitulating under current pressures. The situation remains fluid as global markets react and both sides continue to seek a resolution amid rising tensions.