India, Aug. 28 -- US President Donald Trump has signed an executive order seeking to rename Lake Ontario as 'Lake America', a move that could further escalate tensions between the United States and Canada.

The development comes amid worsening trade ties between the two neighbours following the recent collapse of negotiations.

After the talks failed to produce an agreement, the US imposed new 50% tariffs on $20 billion (C$28 billion) worth of Canadian goods.

According to a statement issued by the White House: "Within 30 days of the date of this order, the Secretary of the Interior (Secretary) shall, in coordination with the Board on Geographic Names and consistent with 43 U.S.C. 364 through 364f, take all appropriate actions to rename a...