Carney says new Canadian tariffs on US goods will come into effect on September 8
- 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.
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In retaliation for the new U.S. surtaxes that came into effect on Saturday, Canada will, in turn, apply surcharges on U.S. steel and dairy products as of September 8,," said Ottawa.
Donald Trump's new surtaxes against a number of Canadian products came into effect on Saturday.
The relationship between Canada and the United States is still growing. Ottawa is raising the tone after new U.S. trade measures come into effect. ...
The Canadian Prime Minister announces tariffs on US products, which will apply mainly to steel, dairy products, agricultural equipment and electrical appliances.
Canada could not "not accept" what the United States was proposing to seal a trade agreement and avoid the entry into force of the surtaxes and "will not give them," he added.
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