Canada’s PM Mark Carney warns of escalating trade tensions as the U.S. prepares to slap $20 billion in new tariffs on Canadian goods starting August 19 — hitting everything from wine and hockey sticks to cement — while sparing energy, minerals, and fish. Carney says Ottawa is exploring every option, including diversifying markets and shielding hardest-hit sectors, without revealing retaliatory specifics. The U.S. justifies the move as a response to unfair Canadian trade practices, while Carney sees the deadline as both a pressure tactic and a chance to push stalled USMCA talks forward. U.S. Trade Rep Jamieson Greer hopes for preliminary deals with Canada and Mexico by year’s end, but admits tough issues like auto rules and labor standards will take longer — all framed as efforts to protect American jobs and shrink the trade deficit.
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