Canada is readying a response to U.S. President Donald Trump’s wide-ranging 50 per cent tariffs on the Canadian economy that went into effect this weekend after trade talks collapsed.

Prime Minister Mark Carney is expected to face questions on the matter when he holds a trade-related press conference at noon Eastern, alongside Quebec Premier Christine Frechette.

After weeks of intense negotiations, with Trump claiming both sides were close to finalizing a “very fair deal,” talks broke down late Friday evening.

New 50 per cent tariffs on $28 billion-worth of Canadian exports went into effect early Saturday morning.

Canada was “walking away from a…

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