US Imposes 50% Tariffs on Canadian Goods as Trade Talks Fail, Canada Vows Retaliation
- The United States imposed 50% tariffs on about $20 billion in Canadian goods on Saturday after last-ditch negotiations failed, with duties taking effect at 12:01 a.m. EDT.
- Prime Minister Mark Carney suspended trade negotiations Friday, calling last-minute U.S. changes "unfair, uneconomic, and called into question the reliability of any deal." The U.S. blamed Canada, terming it "a missed opportunity for Canada to partner with the United States."
- Canada will retaliate against the new levies "dollar for dollar" to protect workers and businesses, amid a trade relationship worth $880 billion in annual goods and services.
- With tariffs now in effect, Carney directed negotiators to return to Ottawa and pledged new government measures to support Canadian workers and industries facing the trade dispute.
- The tariffs could thwart Canada's fragile economic recovery and reshape bilateral engagement in coming months, marking an extraordinary departure from the traditionally cooperative relationship between the historic allies.
346 Articles
346 Articles
Ottawa rejected Washington’s terms and warns that it will respond dollar-to-dollar to protect its companies
US-Canada trade deal collapses as Trump's 50% tariffs go into effect
A trade deal between the United States and Canada fell apart in the eleventh hour ahead of President Donald Trump’s Friday night deadline, pushing the Trump administration’s 50% tariffs on its northern neighbor into effect overnight. Canada will now face a 50% tariff on about $28 billion worth of Canadian products imported into the U.S. Canadian Prime Minister Mark Carney announced shortly before midnight on Friday that his country will match th…
US-Canada Trade Talks Collapse: PM Carney recalls negotiators & President Trump imposes 50 per cent tariffs on Ottawa
Washington DC/Ottawa: Trade negotiations between the United States and Canada have collapsed, setting the stage for a fresh escalation between the two historic allies as President Donald Trump prepares to impose 50 per cent tariffs on about USD 20 billion worth of Canadian products. Canadian Prime Minister Mark Carney has suspended the talks and ordered Ottawa’s negotiators to return home, while warning that Canada will respond with reciprocal m…
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