Canada commits $11B to Quebec shipbuilding deal amid Trump’s trade war
'The goal of our trade negotiations with the United States has always been to get the best deal for Canadians, never a deal at any price, or on any time frame,' PM Carney said
US-Canada trade negotiations have broken down. US President Donald Trump has threatened new tariffs on Canadian-made products, including cars, trucks, auto parts, and steel, set to take effect on January 1. According to Trump, these tariffs could be as high as 50%.
Canadian Prime Minister Mark Carney has vowed to retaliate "dollar-for-dollar" against the US tariffs. The countries have been trying to ease tariffs and disputes ahead of the scheduled review of the USMCA, the North American trade pact.
Mark Carney has praised for rejecting a US trade proposal that many perceived as weakening Canada's Francophone culture. Carney stated that the French language in Quebec is a right. The US tariffs are set to impact roughly $20 billion in Canadian goods, with Canada's retaliatory measures set to begin on September 8, according to Business Insider.
Brief written by urgent.news from Toronto Sun, Business Insider, Global News, The Guardian, Guardian Business — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- How Trump's new trade war with Canada affects everything from building new homes to dog jackets businessinsider.com
- Ontario Premier Doug Ford to speak amid U.S.-Canada trade war globalnews.ca
- Mark Carney says Canada can’t accept US trade deal that would weaken French language theguardian.com
- Adam Pankratz: If Canada is to diversify trade, we must get rid of UNDRIP nationalpost.com
- Vance defends Canada trade war in visit to Maine; Collins skips rally thehill.com
