Canada announces retaliatory tariffs on U.S. goods after trade talks break down
Canada Prime Minister Mark Carney on Saturday announced his country would impose “dollar-for-dollar” tariffs on U.S. goods — a retaliatory measure after trade talks between the two nations broke down.
Canada has announced it will impose "dollar-for-dollar" tariffs on US goods in response to new American duties on Canadian products. According to Nairametrics, Prime Minister Mark Carney stated that Canada could not accept what the US was offering or the concessions it was demanding.
The decision comes after trade negotiations between the two countries broke down, with Carney ordering Canadian negotiators to return to Ottawa. The new tariff measures are set to take effect on September 8.
Canada's approach to the negotiations was described as pragmatic, patient, and persistent, with the objective of securing the best possible agreement for Canadian workers, farmers, families, and businesses.
Brief written by urgent.news from MarketWatch, MarketWatch Top, Nairametrics — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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