Canada to apply dollar-for-dollar U.S. countertariffs as trade feud escalates
By punching back, Canadian Prime Minister Mark Carney is taking an economic and political gamble, balancing short-term pain with longer-term strategy.
Canadian Prime Minister Mark Carney announced that Ottawa plans to impose dollar-for-dollar counter tariffs on $20 billion worth of U.S. goods on September 8, intensifying the trade conflict between the two nations. Carney admitted that this move was made reluctantly, as it would increase costs for consumers, limit consumer choice, harm innocent U.S. businesses, and complicate cooperation between the two countries.
The decision came after trade negotiations with the Trump administration stalled on Friday, following which the U.S. levied a 50% import tax on a range of Canadian products, including plywood, liquor, electrical equipment, and hockey gear.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
