Canada’s PM says will match US tariffs ‘dollar for dollar’
Prime Minister Mark Carney said last-minute changes to the US-proposed terms were unfair and uneconomic, calling into question the reliability of any deal.
Canadian Prime Minister Mark Carney said he would match US tariffs "dollar for dollar" after trade talks with the US broke down. The talks, which had been ongoing since July, failed to produce an agreement, leading to the implementation of new 50% duties on some $20 billion of Canadian exports to the US.
Carney stated that last-minute changes to the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal. He also said that while "important progress" had been made in the talks, it was "not enough to meet our objectives for Canadians".
The US Trade Representative, Jamieson Greer, said that Canada declined to finalize the trade deal under the terms agreed earlier in the week, despite US offers for tariff reductions in sectors like steel and aluminum.
Brief written by urgent.news from Free Malaysia Today, The Jakarta Post, Euronews, KBC, KahawaTungu — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Canada’s PM says will match US tariffs ‘dollar for dollar’ freemalaysiatoday.com