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 economic recovery and reshape bilateral engagement in coming months, marking an extraordinary departure from the traditionally cooperative relationship between the historic allies.
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US-Canada rift deepens over tariffs
US and Canadian officials traded blame after the two sides failed to reach a trade deal Friday, teeing up a damaging trade war that could threaten broad swaths of both economies.The US’ 50% tariffs on roughly $20 billion of Canadian goods took effect Saturday, with Canadian Prime Minister Mark Carney vowing to match “Washington’s new tariffs dollar-for-dollar,” adding that Canada was “at war.”Relations between the allies have deteriorated under …
Beams, needlesticks for dogs, capes, national flags and common metal statuettes from Canada are now more expensive for American consumers
What Canadian products will be hit by Trump's 50% tariffs?
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Washington is threatening Canada with a "destructive" trade dispute after Mark Carney's response to the new U.S. tariffs.
Washington warns Ottawa against the "devast" effects of a trade dispute.
U.S. President Donald Trump has flouted the retaliatory measures announced by Canadian Prime Minister Mark Carney. They intervene in response to the new U.S. surtaxes imposed by the...
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