Canada to hit US goods with dollar-for-dollar tariffs after trade talks collapse
CANADA will impose dollar-for-dollar tariffs on selected US goods from September 8 after trade talks with Washington collapsed, Prime Minister Mark Carney said, escalating an increasingly bitter trade dispute between the two longtime allies. The reta...
Canada is set to impose dollar-for-dollar tariffs on selected US goods from September 8 following the collapse of trade talks with Washington, according to Prime Minister Mark Carney. The retaliatory measures target US steel, dairy products, appliances, agricultural equipment, pulp and paper, and electronics, among other goods, in response to new 50% tariffs imposed by the US on Canadian products.
This move comes after the two countries failed to reach a trade agreement during three days of negotiations, with both sides blaming each other for the breakdown. The tariffs will add pressure to businesses and consumers on both sides of the border, raising concerns over jobs, prices, and the future of the US-Mexico-Canada free trade agreement.
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- U.S.-Canada trade talks have collapsed. Carney says these 3 issues torpedoed them globalnews.ca
- Sunday shows preview: Canada faces off in trade ‘war’ with U.S. amid national debt woes; Republicans gear up for upcoming primaries thehill.com
- How Canada plans to counter US tariffs with 'dollar for dollar' method as trade talks fail hindustantimes.com
- Canada's Carney stands up to Trump in an escalating trade war. Could his gamble pay off? sbs.com.au
