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Canada Hits Back with Counter-Tariffs, Formal Trade Talks with U.S. ‘Not Taking Place’. Follow Live Updates.
The counter-tariffs target more than 700 U.S. products, while Ottawa also offers $7.5 billion in loans and grants for affected businesses.
- On Tuesday, Canada's retaliatory tariffs on $28 billion of U.S. goods officially took effect, marking a significant escalation in the ongoing trade dispute between Ottawa and Washington.
- Trade negotiations stalled after the U.S. made what officials called unreasonable demands, including restricting French language usage and limiting Canada's trade alliances, which they labeled unfair and uneconomic.
- Prime Minister Mark Carney unveiled a $7.5 billion support package for affected workers and businesses, including $2 billion for medium and large firms and $500 million in Bank for Canadian Entrepreneurs loans.
- Consumers should expect price increases within 18 weeks as tariffs disrupt supply chains, while workers in Hamilton's 'Steel City' face uncertainty and potential layoffs.
- Conservative Party Leader Pierre Poilievre demanded transparency regarding the failed trade deal, while Carney emphasized a long-term pivot to reduce Canada's economic dependence on the U.S.
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13 Articles
13 Articles
Paul St-Pierre Plamondon believes that the Canadian response is "drawing in the foot" of the economy here.
·Montreal, Canada
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Coverage Details
Total News Sources13
Leaning Left6Leaning Right0Center4Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
Factuality
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