President Donald Trump spent Tuesday morning threatening Canada online while Ottawa put a nearly 100-page tariff schedule on the calendar he cannot stop.
Four Canadian cabinet ministers announced the retaliatory tariffs in Ottawa on Tuesday, according to the New York Times. The duties cover about 700 American products and take effect Sept. 8.
The rates range from 15 to 50 percent, matching the level Washington set for each product, according to CNBC. Prime Minister Mark Carney had promised a "dollar for dollar" response after talks collapsed Friday night, the Times reported.
The schedule runs nearly 100 pages, Global News senior journalist Mackenzie Gray reported on X. It taxes fish, stoves, carpets, men's suits and fishing rods.
"Our preference was to find a deal that benefits both countries," Canadian trade minister Dominic LeBlanc told CNBC's "Squawk Box" on Tuesday. "We still believe that's possible. But in the meantime, we're not waiting by the phone."
Trump answered on Truth Social, where he suggested halting business with Ontario and repeatedly floated renaming Lake Ontario to "Lake America," CNBC reported.
"I deal with many countries, and Canada is easily the most difficult and unreasonable," Trump wrote in one post.
Trump warned Monday that he would double tariffs on Canadian cars and auto parts to 50 percent, but not until Jan. 1, 2027, Global News reported. Canada's deadline is two weeks away.
Canada doubled its own tariffs on American steel and aluminum to 50 percent, the Times reported. Ottawa added $7.5 billion for businesses and workers harmed by the trade war, according to CNBC.
Senior Canadian officials said the list was not built to punish particular American businesses or states, but to help Canadian industry, Gray reported.
Trump has also complained that the United States runs a trade deficit with Canada. That gap exists largely because Americans buy Canadian crude oil, CNBC reported.
His tariffs have excluded oil, natural gas, potash and many minerals, according to the Times.
Polls taken before the tariffs took effect Saturday showed broad Canadian support for retaliation, the Times noted. Ontario Premier Doug Ford has pressed for it, while Alberta Premier Danielle Smith has urged restraint.
Canada's economy is about one-twelfth the size of the American economy, according to the Times, and economists say the resulting price increases will hurt Canadian companies, too.
