Canada prepares retaliatory tariffs after US trade talks collapse

JUST IN: Canada is expected to unveil retaliatory tariffs against the U.S. on Tuesday after trade negotiations with the Trump administration broke down, according to the AP.
The move risks opening another front in North American trade tensions.
Retaliatory tariffs could hit cross-border supply chains, manufacturing costs, consumer prices, and the Canadian dollar.
For markets, the key question is whether this remains a limited trade dispute or escalates into a broader tariff cycle.