Trump’s 50% tariffs on Canada kick in as trade talks stall
U.S. Trade Representative Jamieson Greer says the U.S. and Canada have failed to reach a trade deal.
Canada has imposed new 50% tariffs on billions of dollars worth of U.S. goods, following the failure to finalize a comprehensive trade deal with the U.S. ahead of President Donald Trump's new deadline. The tariffs, set to take effect on Saturday morning, were originally scheduled for Wednesday but were delayed by a three-day pause.
Canadian Prime Minister Mark Carney criticized the U.S. for making last-minute changes to the deal, arguing that it was unfair, uneconomic, and raised questions about the reliability of any agreement. The tariffs are being imposed under Section 338 of the U.S. Tariff Act, targeting nearly US$20 billion worth of Canadian imports.
The new tariffs have cast doubt on the future of the trade deal and efforts to renegotiate the Canada-U.S.-Mexico Agreement on free trade (CUSMA).
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