US imposes 50% tariffs on some Canadian products as trade talks fail
US Trade Representative Jamieson Greer said Canada was "continuing its retaliation against the US," minutes before fresh Trump tariffs were due to come into effect. Canada says the terms proposed were "unfair."
The United States announced on Friday that it would impose 50% tariffs on certain Canadian goods, effective immediately, following Canada's failure to finalize a trade pact with Washington. The decision came minutes before the tariffs were set to take effect. Canadian Prime Minister Mark Carney vowed to reciprocate the US tariffs, deeming the proposed terms "unfair, uneconomic, and called into question the reliability of any deal."
The trade talks between the two countries had been in progress, with the US proposing to reduce US tariffs on Canadian-made vehicles and halve duties on Canadian steel and aluminum. However, Canada was not ready to make further concessions.
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