Carney says new Canadian tariffs on US goods will come into effect on September 8
Canada will match U.S. tariffs dollar for dollar, targeting $20 billion in imports and several key industries, Prime Minister Mark Carney said.
- Prime Minister Mark Carney announced Canada will impose retaliatory tariffs on the United States starting Sept. 8, the day after Labour Day, following the collapse of trade negotiations.
- Negotiations with the United States collapsed on Saturday after the U.S. introduced 50 per cent tariffs on billions of dollars in Canadian exports, prompting Carney to recall negotiators to Ottawa.
- Citing last-minute changes, Carney said the U.S. introduced efforts "at the last hours" to restrict Canada's trade independence and cultural protections, calling the terms "unfair, uneconomic, and called into question the reliability of any deal."
- Canada will match Washington's new tariffs dollar-for-dollar, targeting steel, dairy, appliances, and electronics, while Carney pledged, "We will do whatever it takes to support these businesses."
- Speaking on Parliament Hill on Saturday, Carney confirmed Canada is walking away from a "bad deal" with the United States and will diversify trade abroad in the coming days.
215 Articles
215 Articles
Carney announces tariffs on US after trade talks break
Canada's Prime Minister Mark Carney on Saturday said starting September 8, Canada would impose tariffs on imports from the United States across a raft of sectors in retaliation for US President Donald Trump's new 50 percent tariffs. After days of intense negotiations, the two countries failed to reach a trade deal late on Friday, worsening an already delicate relationship between the two long-term trade partners and allies and complicating the …
Relations between the US and Canada reach a new low point. The Trump administration imposes new tariffs and the neighbouring country defends itself.
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Free Malaysia Today NewsCanada retaliates as trade war with US escalates
Canada announces retaliatory tariffs on US goods as the trade war escalates, impacting industries from steel to dairy. Learn how this affects both nations. Read More: https://punchng.com/canada-retaliates-as-trade-war-with-us-escalates/
The U.S. commercial representative Jamieson Greer held Ottawa responsible for the failure of the talks and assured that there are no new meetings planned. Canada, meanwhile, announced “dollar-to-dollar” reprisals that will begin to apply on September 8.
'You’re at war when you get attacked' — Canada's Mark Carney accuses U.S. of using economic integration as a weapon as trade fight spurs tariff hikes
U.S. will impose 50% tariffs on $20 billion worth of Canadian goods, and Canada set Sept. 8 as the start of its retaliatory penalties.
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