India, Aug. 23 -- After US president Donald Trump announced a 50 per cent tariff on Canada, Prime Minister Mark Carney has stated that Ottawa will respond with a "dollar for dollar" tariffs in retaliation.

Trump's announcement of fresh tariffs on Canada came after the US president announced that the trade talks between the two neighbors had failed.

Calling the imposition a "attack," Canadian PM Carney stated that the US tariffs will be matched "dollar for dollar" in order to protect Canada's interests and economy.

"Canada will match Washington's new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses," Carney said during a press conference.

Speaking on the fallout, US trade representative ...