Urgent.News

What's breaking now, across thousands of outlets.

Business

Zollstreit: „Dollar für Dollar“ – Kanada kündigt Gegenzölle auf US-Güter an

US-Präsident Trump hat im Handelsstreit mit Kanada neue Zusatzzölle in Höhe von 50 Prozent angekündigt. Nun zieht Kanada nach. Zuletzt sah es noch nach einer Einigung aus.

Zollstreit: „Dollar für Dollar“ – Kanada kündigt Gegenzölle auf US-Güter an

Kanada's Prime Minister Mark Carney announced retaliatory tariffs against US goods starting September 8th following the collapse of trade talks with the United States. The measures would target sectors such as steel, dairy products, agricultural equipment, and electronics, Carney stated. "This is a targeted response to protect and defend our industries and enable them to compete with US products on the Canadian market," Carney said.

Earlier negotiations between the two nations had ended without an agreement. The US had imposed a 50 percent tariff on a range of Canadian goods worth about $28 billion, including wine, hockey sticks, furniture, and dairy products. "Canada will match the new tariffs from Washington dollar for dollar to protect Canadian workers, farmers, families, and businesses," Carney said at a press conference on Saturday.

"We cannot accept what they have offered, and we will not give what they are demanding." US tariffs come on top of existing duties. US Trade Representative Jamie Smith confirmed the collapse of negotiations, stating that Canada had rejected the agreement on the agreed terms, according to the Politico platform. Recent demands from Canada had upset the balance achieved in recent days.

Prime Minister Carney had been elected last year on a promise to stand up to US President Donald Trump. Recent polls suggest that the majority of Canadians reject concessions.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

US imposes 50% tariffs on Canada

The US imposed 50 per cent tariffs on $20 billion (Dh73.4 billion) worth of Canadian products early Saturday after last-ditch negotiations intended to resolve the strained relations between the…

More from Saturday 22 August →