Canada says it will match US tariffs ‘dollar for dollar’ as trade talks break down

Canada has announced it will match US tariffs "dollar for dollar" following the breakdown of trade talks, according to Prime Minister Mark Carney. The move comes after a last-minute breakdown in negotiations, with the Canadian government stating that the US proposals were "unfair, uneconomic, and called into question the reliability of any deal."

US Trade Representative Jamieson Greer responded by stating that Canada had declined to finalize the trade deal and had instead opted for "new demands and walk backs of other commitments." The breakdown in talks marks a shift in tone from earlier in the week when both sides were optimistic about reaching a mutually beneficial agreement.

Canada had been engaged in intense negotiations since July, with US President Donald Trump temporarily pausing tariffs earlier in the week, claiming that both countries were close to signing a trade deal. However, Carney announced the suspension of trade negotiations and the imposition of reciprocal tariffs on US goods, citing the recent proposals as unfair and uneconomic.

The US tariffs will be applied to a range of goods, including wine, dairy, cement, clothing, and hockey equipment.