Canada vows to match US tariffs dollar for dollar as trade talks collapse
A fresh wave of US tariffs on a wide array of Canadian goods came into effect on Saturday after a last-minute breakdown 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 goods “dollar for dollar”. Carney said […]
On Saturday, Canada announced it would impose tariffs on US goods "dollar for dollar" following a collapse in trade negotiations. Prime Minister Mark Carney made the announcement just before the Friday night deadline for a deal. Carney stated that the US's last-minute changes in proposed terms were unfair, uneconomic, and called into question the reliability of any agreement.
Negotiations had been ongoing since July after Trump threatened to impose 50% tariffs on nearly $20 billion worth of Canadian imports by August 19, 2026. Although progress had been made, Carney deemed it insufficient to meet Canadian objectives. The US trade representative, Jamieson Greer, confirmed that Canada had declined to finalize the deal under the agreed terms, and that Canada's new demands had disrupted the balance achieved in recent days.
The talks' collapse has put US-Canada relations in uncharted territory and will be a significant test for Carney's premiership. Canada exports about 70% of its goods to the US, but tensions between the two nations have been growing since Trump took office in January 2017, imposing tariffs on a wide range of Canadian products using the Tariff Act of 1930.
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