Canada to Match Trump’s 50% Tariffs, Dollar for Dollar
The latest escalation comes after last-minute changes derailed weeks of negotiations between the neighboring countries.
Canada has matched U.S. President Donald Trump's 50% tariffs on Canadian goods, dollar for dollar, in response to the collapse of trade negotiations. Prime Minister Mark Carney announced the retaliatory measures, which will take effect in September, shortly after Trump's tariffs came into force earlier that day. The tariffs impact about $20 billion worth of Canadian exports, including items like hockey sticks, building materials, and cheese.
Despite weeks of negotiations, Carney stated that progress was not enough to meet Canada's objectives, accusing the U.S. administration of introducing unfair and uneconomic changes. U.S. Trade Representative Jamieson Greer countered that Canada had declined to finalize the deal due to new demands and backtracked commitments. The breakdown in negotiations has deepened the already strained relationship between the two countries, with a recent Angus Reid Institute poll showing that 65% of Canadians support a tough stance against the U.S. on trade issues.
Written by urgent.news from Time's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
