Canada says it will match US tariffs ‘dollar for dollar’ as trade talks break down
A fresh wave of US tariffs on a wide array of Canadian goods has come into effect as of midnight on Saturday after a last minute break down in trade talks. Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose reciprocal tariffs on US [...] The post Canada says it will match US tariffs ‘dollar for dollar’ as…
As of midnight on Saturday, the United States imposed new tariffs on Canadian goods, following the collapse of trade negotiations. Canadian Prime Minister Mark Carney announced he would impose equal tariffs on US products, citing unfair and uneconomic last-minute changes in the US terms. The talks had been ongoing since July, after Trump threatened to impose a 50% levy on $20bn (C$28bn) of Canadian imports by 19 August.
Despite progress, Carney deemed the terms insufficient for Canada's objectives. US Trade Representative Jamie Greer stated that Canada had declined to finalize the deal due to new demands and reversals from Canada. The breakdown in talks signifies a significant shift from earlier optimism. Canada will now face 50% US tariffs on various goods, including wine, dairy, cement, clothing, and hockey equipment.
Ontario Premier Doug Ford expressed full support for Canada's strong response, matching the US tariffs dollar for dollar.
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