Carney: Canada will enact retaliatory US tariffs starting September 8
The prime minister spoke hours after the US imposed 50 percent tariffs on nearly $20bn worth of Canadian goods.
Prime Minister Mark Carney has announced that Canada will impose retaliatory tariffs on U.S. goods starting next month, in response to the failure of trade talks. Carney stated that the U.S. introduced new 50% tariffs on billions of dollars worth of Canadian exports after the talks broke down. The prime minister described the situation as Canada being "attacked" and expressed the government's willingness to match U.S. tariffs dollar-for-dollar, targeting sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
Carney said that the new tariffs, set to take effect on September 8th, would be imposed on $28 billion worth of Canadian goods, ranging from hockey sticks to dairy products. He emphasized that Canada is standing up for its interests and sovereignty, warning that the U.S. was attempting to restrict Canada's ability to engage in other trade deals.
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