Canada retaliates as trade war with US escalates
OTTAWA — Canadian Prime Minister Mark Carney announced retaliatory tariffs on the United States on Saturday, after walking away from a "bad deal" on trade in a deepening rift between the longtime allies. Negotiations between the neighboring countries broke down Friday in Washington, putting into force new 50-percent U.S. tariffs impacting about $20 billion worth of goods, or 5.5 percent of…
Ottawa — Prime Minister Mark Carney of Canada announced retaliatory tariffs on the United States on Saturday, following a breakdown in trade negotiations with deepening tensions between the two longtime allies. The negotiations concluded in failure on Friday in Washington, leading to the implementation of new 50-percent U.S. tariffs on approximately $20 billion worth of goods, accounting for 5.5 percent of Canadian exports to the United States.
These affected products include hockey sticks and cement. Carney stated, "You're at war when you get attacked. We got attacked." In response, U.S. President Donald Trump criticized Canada on Sunday, accusing it of wanting the benefits of being a state without being one. He further expressed frustration at Canadian farmers, alleging massive tariff charges against them for years.
Trump vowed on his social media platform, Truth Social, that new Canadian tariffs would specifically target the U.S. steel and dairy industries, with the measures set to take effect on September 8. Carney indicated that additional details would be released the following week.
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