A trade war between Canada and the US deepens rupture in what had been a close and durable alliance
- The United States imposed 50% tariffs on about $20 billion worth of Canadian goods early Saturday, marking an official trade war after last-minute negotiations collapsed late Friday.
- Invoking Section 338, a 1930s statute with no time limit, President Trump authorized the levies after Prime Minister Mark Carney suspended negotiations, accusing Washington of 'unfair' changes.
- These penalties cover about 5% of Canadian exports to America, and Canada has promised to match the import taxes dollar for dollar despite economic risks of fighting back.
- Acknowledging the breakdown, Prime Minister Mark Carney stated 'America has changed' and confirmed his government will roll out additional measures to support Canadian workers and businesses affected by the tariffs.
- Ottawa is accelerating efforts to reduce economic vulnerability by strengthening domestic industries and diversifying trade ties abroad, viewing the Canada-U.S. alliance as fundamentally altered.
29 Articles
29 Articles
Winnipeg Free Press
Canada's premiers react to U.S. trade war with calls for unity and economic support
Leaders in Canada woke up Saturday to find their country in a trade war, as Prime Minister Mark Carney described it after his talks with the United States government collapsed.
Rutland Herald
A trade war between Canada and the US further ruptures a once-close and durable alliance
Canada and the United States have long had one of the world's closest and most durable alliances. But that alliance is being severely tested now by one of the deepest crises in decades. Trade talks between Ottawa and Washington collapsed…
The Canada-U.S. trade war deepens rupture in what had been a close and durable alliance
Canada and the United States have long had one of the world's closest and most durable alliances. That has been undone during President Trump's second term, in which he has wielded punishing tariffs and leveled other threats.
Associated Press News
A trade war between Canada and the US deepens rupture in what had been a close and durable alliance
Canada and the United States have long had one of the world's closest and most durable alliances. But that alliance is being severely tested now by one of the deepest crises in decades.
Carney Stands Up to Trump in U.S.-Canada Trade War
This article was originally published on Cedarnews.net. For more news and exclusive reports, visit our website. Carney Stands Up to Trump in U.S.-Canada Trade War. The initial report was published by The New York Times at 3:35 PM GMT+0200. Additional verification. This news was published on the Cedarnews website. For more breaking news and exclusive reports, visit our official website.
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