U.S. President Donald Trump said Tuesday he is considering renaming Lake Ontario as « Lake America » amid an escalating trade war with Canada. The announcement follows the implementation of 50% tariffs on $20 billion worth of Canadian goods after negotiations between the two countries broke down. Canada is expected to announce retaliatory measures, while Trump threatened new 50% tariffs on Canadian vehicles, auto parts and steel. Prime Minister Mark Carney accused Washington of trying to « destroy major Canadian industries, » including autos, steel and aluminum. The deeply integrated supply chains between the two countries make a prolonged trade fight potentially costly for businesses and workers on both sides of the border.
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