EconomyHas a U.S.-Canada trade war begun? | Reuters Morning Bid

After U.S.-Canada trade talks collapsed late Friday, Mark Carney vowed dollar-for-dollar retaliation, leaving 50% tariffs on about $20 billion of Canadian imports in place. Oil prices slipped as Scott Bessent prepared to unveil his so-called “economic D-Day” on Iran, with Nvidia earnings and Jackson Hole still ahead.