U.S. set to impose 50% tariffs on Canada after failed talks; Canada to match them
The U.S. was set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday. Canadian Prime Minister Mark Carney countered that Canada would match them "dollar for dollar."
The US was set to impose 50% tariffs on $20 billion worth of Canadian products. According to CBS News, Canadian Prime Minister Mark Carney stated that Canada would match them dollar for dollar.
Negotiations between the US and Canada broke down, with Ottawa saying it would impose retaliatory tariffs on US goods, as reported by WSJ Economy.
The US and Canada failed to reach a trade deal, with Canada vowing dollar-for-dollar retaliation and suspending trade talks with Washington after new US tariffs took effect, according to Global News.
Brief written by urgent.news from CBS News, WSJ Economy, Global News, Winnipeg Free Press — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- US imposes 50% tariffs on Canada products as talks fail, Carney vows to match them ‘dollar for dollar’ hindustantimes.com
- Canada says it will match US tariffs 'dollar for dollar' as trade talks break down bbc.co.uk
- Trump’s 50% tariffs on Canada kick in as trade talks stall globalnews.ca
- US, Canada fail to reach trade pact to avert Trump tariffs freemalaysiatoday.com
- US, Canada fail to reach trade pact to avert Trump tariffs nst.com.my
- Canada vows to match Trump’s 50% tariffs after trade deal talks fail theguardian.com
