US imposes 50% tariffs on Canadian products
WASHINGTON — The United States imposed 50 percent tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. President Donald Trump’s import taxes will hit about 5 percent of what Canada ships to the United States every…
The United States has imposed 50 percent tariffs on $20 billion worth of Canadian products, following unsuccessful last-ditch negotiations to resolve tensions between the two nations. The tariffs, which will affect approximately 5 percent of Canada's annual shipments to the United States, include a wide range of goods such as hockey sticks and tongue depressors.
Canadian Prime Minister Mark Carney announced that Canada would match the U.S. tariffs dollar for dollar, potentially escalating the trade conflict and raising questions about the future of the North American trade pact involving the United States, Canada, and Mexico. Canada had sought concessions on tariffs imposed on steel, aluminum, autos, and lumber, but the U.S. was unwilling to provide these concessions.
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