US imposes 50% tariffs on Canadian goods after deal fails, USTR Greer says no new talks planned
The tariffs that came into effect just after midnight (0400 GMT) on some $20 billion of Canadian goods representing just over 5% of Canada's exports to the US.
The United States imposed a 50% tariff on selected Canadian goods on Saturday following the breakdown of trade negotiations, according to US Trade Representative Jamieson Greer. The tariffs, applied to approximately $20 billion worth of Canadian imports, primarily affect items like wooden hockey sticks, which are uncommon in modern times.
This measure represents about 5% of Canada's total exports to the United States, but it escalates tensions between President Donald Trump and Prime Minister Mark Carney. Canada has suspended trade talks with the US and pledged to retaliate with dollar-for-dollar tariffs. Prime Minister Carney stated that the proposed terms from the US were unfair and economically detrimental, casting doubt on the viability of any agreement.
The decision reflects the strong opposition within Canada to making concessions to Trump, as evidenced by recent polls. Despite initial progress towards lowering tariffs on steel, aluminum, and autos, Canada ultimately declined to finalize the deal. US officials highlighted that the offer would have positioned Canada favorably among major exporters to the US, but Canada sought additional concessions, particularly concerning steel, aluminum, autos, and softwood lumber. No further US-Canada trade discussions are planned as the new tariffs take effect.
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