Trade dispute: "dollar for dollar" - Canada announces retaliatory tariffs on US goods
US President Trump has announced new tariffs of 50 percent in the trade dispute with Canada. Now Canada is retaliating. It had looked recently as though an agreement was imminent.
Canada's Prime Minister Mark Carney has announced counter-tariffs to take effect from September 8 in response to failed trade negotiations with the US. The measures will target sectors including steel, dairy products, agricultural equipment, and electrical devices. The US had previously imposed a 50% tariff on around $28 billion worth of Canadian goods, including wine, hockey sticks, furniture, and dairy products.
Canada will match the US tariffs dollar for dollar to protect Canadian workers, farmers, families, and businesses, Carney said.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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