Businesses fear closure with no Canada-U.S. trade deal as industry reacts
Carney said Canada will match the tariffs dollar for dollar and announce support for businesses and workers in the coming days.
- On Saturday, Aug. 22, the United States imposed 50% tariffs on roughly $28 billion of Canadian exports after Prime Minister Mark Carney suspended negotiations late Friday.
- Carney described the U.S. proposal as "unfair, uneconomic," stating the United States "asked for too much and offered too little" during talks.
- Canada will match the U.S. tariffs "dollar for dollar" to protect workers and businesses, Carney announced on Parliament Hill, with support measures coming in days.
- Canadian Chamber of Commerce president Candance Laing warned no deal could force some Canadian firms to close, while Canadian Labour Congress president Bea Bruske called walking away "the right choice for Canada."
- Joslyn Young, CEO of the Surrey & White Rock Board of Trade, urged businesses to diversify supply chains, emphasizing Canada must be strong enough that no single country determines its economic future.
49 Articles
49 Articles
Ottawa and Quebec spoke after the suspension of trade negotiations with the United States.
Trade deal at any cost is not a good deal: Surrey White Rock Board of Trade reacts
The Surrey White Rock Board of Trade applauded the federal government for not backing down in trade negotiations with the United States instead of agreeing to something that “does not protect Canadian businesses, workers and resources.” Trade talks between Canada and the United States broke down late Friday night (Aug. 21). At a press conference on Parliament Hill in Ottawa Saturday (Aug. 22), Prime Minister Mark Carney told reporters why “they …
NEWS HEADLINES: U.S.-Canada trade deal collapses just before 50% tariff deadline – One America News Network
An American and Canadian flag are displayed at Standstead’s local library in Stanstead, Quebec, Canada, on January 14, 2025. (Photo by ALEXIS AUBIN/AFP via Getty Images) OAN Staff Addie Davis8:58 AM – Saturday, August 22, 2026 A trade deal between the United States and Canada collapsed just before 50% tariffs were set to take effect on billions of dollars’ worth of Canadian goods. Canadian Prime Minister Mark Carney announced on Friday that he h…
Canada-U.S. trade talks collapse as businesses fear closures
The collapse of trade talks between Canada and the United States, the imposition of 50 per cent tariffs on $28 billion worth of Canadian goods and Prime Minister Mark Carney pledging dollar-for-dollar retaliatory tariffs triggered swift reaction from the nation's business community. Candace Laing, Canadian Chamber of Commerce president and CEO, called the breakdown a "body blow to North American competitiveness in this self-defeating trade saga.…
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