New tariffs have kicked in on U.S. imports from Canada after trade talks collapsed. Canada intends to set retaliatory tariffs starting in September. Here’s what to know about the new levies.
The U.S. is levying a 50% charge on Canadian imports including wine, hockey sticks, cement, and paper and textile products. Ottawa has pledged retaliation.
The US has imposed a 50% charge on certain Canadian imports, including wine, hockey sticks, cement, and paper and textile products.
In response, Canada plans to impose "dollar-for-dollar" tariffs on US goods, according to Prime Minister Mark Carney, as reported by MarketWatch and Nairametrics.
The Canadian tariffs are set to take effect on September 8, as stated by Nairametrics.
Brief written by urgent.news from WSJ Economy, MarketWatch, MarketWatch Top, Nairametrics — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- U.S. hits Canada with 50% tariffs, invoking a notorious Great Depression law that has never been used before to impose import taxes fortune.com
- Trump's 50% Canada tariffs kick in: Whisky, alcohol, dairy, motorcycles and more affected | Check list livemint.com
- Canada ends U.S. trade talks as Carney announces dollar-for-dollar tariffs nairametrics.com
- Canada to match U.S. tariffs dollar for dollar after trade talks collapse investing.com
- Canada announces retaliatory tariffs on U.S. goods after trade talks break down marketwatch.com
- U.S.-Canada trade talks collapse, ushering in wave of new tariffs cnbc.com
- Canada retaliatory tariffs on U.S. goods to take effect on Sept. 8 seekingalpha.com
