Canada to unveil response to Trump's new tariffs
Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with US President Donald Trump telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs. Trump also threatened new 50 percent tariffs on Canadian vehicles, auto parts and steel, while Carney said US trade demands showed Washington…
Canada's government will announce measures to support workers and businesses affected by US tariffs. The US imposed 50 percent tariffs on about US$20 billion of Canadian exports on Saturday.
The Canadian government, including Finance Minister François-Philippe Champagne, will share details of supports for workers affected by the tariffs on Tuesday. According to Carney, the US trade demands aim to "destroy our major industries," including autos, steel, and aluminum.
The relations between the US and Canada have deteriorated, with US President Donald Trump threatening new 50 percent tariffs on Canadian vehicles, auto parts, and steel. Carney stated that Canada may need to use targeted retaliation to protect its workers and businesses, and rejected an attitude that treats Canada as a US subsidiary.
Brief written by urgent.news from Financial Post, RTHK News - Finance — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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