Carney says new Canadian tariffs on US goods will come into effect on September 8
- Prime Minister Mark Carney announced Canada will impose retaliatory tariffs on the United States starting Sept. 8, the day after Labour Day, following the collapse of trade negotiations.
- Negotiations with the United States collapsed on Saturday after the U.S. introduced 50 per cent tariffs on billions of dollars in Canadian exports, prompting Carney to recall negotiators to Ottawa.
- Citing last-minute changes, Carney said the U.S. introduced efforts "at the last hours" to restrict Canada's trade independence and cultural protections, calling the terms "unfair, uneconomic, and called into question the reliability of any deal."
- Canada will match Washington's new tariffs dollar-for-dollar, targeting steel, dairy, appliances, and electronics, while Carney pledged, "We will do whatever it takes to support these businesses."
- Speaking on Parliament Hill on Saturday, Carney confirmed Canada is walking away from a "bad deal" with the United States and will diversify trade abroad in the coming days.
202 Articles
202 Articles
Relations between the US and Canada reach a new low point. The Trump administration imposes new tariffs and the neighbouring country defends itself.
Canada retaliates as trade war with US escalates
Canada announces retaliatory tariffs on US goods as the trade war escalates, impacting industries from steel to dairy. Learn how this affects both nations. Read More: https://punchng.com/canada-retaliates-as-trade-war-with-us-escalates/
The U.S. commercial representative Jamieson Greer held Ottawa responsible for the failure of the talks and assured that there are no new meetings planned. Canada, meanwhile, announced “dollar-to-dollar” reprisals that will begin to apply on September 8.
'You’re at war when you get attacked' — Canada's Mark Carney accuses U.S. of using economic integration as a weapon as trade fight spurs tariff hikes
The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries. Each side blamed the other for the collapse of negotiations in Washington late Friday, leading the U.S. to impose 50% tariffs on $20 billion worth of Canadian goods and Canada setting Sept. 8 as the start of its retaliatory …
Liquor, plywood and hockey equipment. These are some of the Canadian goods now covered after tariff talks between the United States and Canada collapsed. Canada's retaliatory tariffs will be imposed on September 8. "They asked for too much and offered too little," says Canadian Prime Minister Mark Carney.
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