US-Canada trade war deepens as Trump threatens additional tariffs
The US-Canada trade war shows no signs of easing. Canadian negotiators walked away from talks in Washington as Prime Minister Mark Carney accused the Trump administration of making disproportionate demands at the last minute. The US now is levying 50% tariffs on 20 billion dollars of Canadian goods, with Canada's retaliatory tariffs on US goods set to take effect in early September. The fight…
The US-Canada trade war has escalated, with the US imposing 50% tariffs on hundreds of Canadian goods, including hockey sticks and agricultural products. According to CBS News, Canada has vowed to retaliate with its own tariffs on US products, set to take effect on September 8.
US President Donald Trump has announced that the US will raise tariffs to 50% on all cars, trucks, automotive parts, and steel imported from Canada, effective January 1, 2027. As reported by Global News and FXStreet, Trump justified the move by accusing Canada of unfair trade practices, including steep tariffs on American farmers and farm products, which he claimed had contributed to a $60 billion trade deficit.
Canadian Prime Minister Mark Carney has stated that Canada will match the 50% tariffs with a "dollar-for-dollar" retaliatory response. According to France 24, Canadian negotiators walked away from talks in Washington, with Carney accusing the Trump administration of making disproportionate demands at the last minute.
Brief written by urgent.news from France 24, CBS News, Global News, Free Malaysia Today, FXStreet — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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