Trade dispute: Canada counters US tariffs - trade conflict escalates
After the failed negotiations, the USA are imposing new tariffs on Canada on hockey sticks, furniture and other products. Canada's response is prompt - and could soon be reciprocated.
The trade dispute between the US and Canada has escalated after failed negotiations. US tariffs of 50% on certain Canadian goods took effect overnight, prompting Canadian Prime Minister Mark Carney to announce retaliatory measures to take effect on September 8. The measures will target sectors such as steel, dairy products, agricultural equipment, and electrical devices.
US Trade Representative Jamieson Greer said the US had offered Canada better terms than any other major trading partner, and that the US is now working on a response to Canada's planned tariffs, with no new talks planned.
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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