US hits Canadian goods with 50pc tariffs after trade talks fail
The United States imposed 50 per cent tariffs on some Canadian goods on Saturday after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks. The tariffs that came into effect just after midnight (0400 GMT) on some $20 billion of Canadian goods — things like wooden ice hockey sticks that are rarely used anymore — are far from an…
The United States imposed 50% tariffs on certain Canadian goods on Saturday following the failure of trade talks, according to a wire report. The tariffs, which took effect just after midnight (0400 GMT), apply to approximately $20 billion worth of Canadian products, representing about 5% of Canada's exports to the US. Canada's Prime Minister Mark Carney denounced the move, stating he would retaliate "dollar for dollar" and suspend trade negotiations.
Carney, elected on a platform of opposing Trump, remains popular and most Canadians oppose making concessions to the US. The tariffs come after a missed opportunity to finalize a deal that would have lowered tariffs on steel, aluminum, and autos, potentially bringing American alcohol back to Canadian liquor stores. US Trade Representative Jamie Jamieson Greer acknowledged the deal was not finalized, stating it was a missed opportunity for Canada to partner with the United States.
The US administration had threatened to impose duties on various Canadian imports, including wine, furniture, dairy products, cement, clothing, fishing rods, and hockey equipment.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
