Murray Wood: The 'dumbest trade war in history' is back on
The Wall Street Journal writes that the trade war between Canada and the U.S. just got dumber. Murray Wood says the U.S....
U.S. President Donald Trump says he will hike tariffs on all vehicles, auto parts and steel from Canada to 50 per cent on Jan. 1.
The assertion came as 50 per cent tariffs took effect on a host of other Canadian goods on Saturday after trade talks between Canada and the United States broke down.
Read more:
- Here is a list of the Canadian products hit by Trump’s 50% tariffs
- Poilievre wants prime minister to reconvene Parliament to discuss rejected trade deal
- Canada’s premiers react to U.S. trade war with calls for unity and economic support
In a post on Truth Social today, Trump lashed out at Canada, accusing the country — without presenting evidence — as being “among the worst nations in the world to deal with.”
Trump says Canada is “entitled” and repeated his assertion that his country doesn’t need Canada, whereas Canada needs the United States.
On Saturday, Carney accused the U.S. of trying to introduce last-minute measures which could have restricted Canada’s ability to do deals with other countries.
Carney promised to retaliate on the latest tariffs the U.S. imposed on Saturday, with dollar-for-dollar tariffs by Sept. 8.
This report by The Canadian Press was first published Aug. 24, 2026.
